Gold: Gold trading range for the day is 29600-29150. Gold is getting support at 29300 and below same could see a test of 29150 level, And resistance is now likely to be seen at 29450, a move above could see prices testing 29600. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29300 levels. Traders can initiate long positions on every dip until Gold closes below 29300 levels.
R2
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R1
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S1
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S2
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TREND
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||
GOLD
|
29600
|
29450
|
29300
|
29150
|
BULLISH
|
Silver: Silver trading range for the day is 40200-39400. Technically Silver is getting support at 39600 and below same could see a test of 39400 level, And resistance is now likely to be seen at 39900, a move above could see prices testing 40200. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 39600 levels.
R2
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R1
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S1
|
S2
|
TREND
|
||
SILVER
|
40200
|
39900
|
39600
|
39400
|
BULLISH
|
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