Gold: Gold trading range for the day is 29650-29350. Gold is getting support at 29500 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 a positive zone and traders can hold long positions until Gold closes below 29450 levels. Traders can initiate long positions on every dip until Gold closes below 29450 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
|
30650
|
29550
|
29450
|
29300
|
BULLISH
|
Silver: Silver trading range for the day is 40200-39500. Technically Silver is getting support at 39700 and below same could see a test of 39400 level, And resistance is now likely to be seen at 39850, 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 39500 levels.
R2
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R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
40200
|
39850
|
39500
|
39200
|
BULLISH
|
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