Gold: Gold trading range for the day is 26650-29350. Gold is getting support at 29400 and below same could see a test of 29350 level, And resistance is now likely to be seen at 29550, a move above could see prices testing 29650. Gold is trading into the negative zone and traders can hold short positions until Gold closes above 29550 levels. Traders can initiate short positions on every rise until Gold closes above 29550 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29650
|
29550
|
29400
|
29300
|
Bearish
|
Silver: Silver trading range for the day is 39400-40100. 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 40100. Silver is trading into the negative zone and traders can go short at every rise or hold short positions until Silver closes above 40000 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
40100
|
39900
|
39600
|
39400
|
Bearish
|
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