Gold: Gold trading range for the day is 29350-29700. Gold is getting support at 29450 and below same could see a test of 29350 level, And resistance is now likely to be seen at 29600, a move above could see prices testing 29700. 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
|
29700
|
29600
|
29450
|
29350
|
BULLISH
|
Silver: Silver trading range for the day is 39200-39800. Technically Silver is getting support at 39500 and below same could see a test of 39200 level, And resistance is now likely to be seen at 39700, a move above could see prices testing 40000. 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
|
40000
|
39700
|
39500
|
39200
|
BULLISH
|
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