Gold: Gold trading range for the day is 29600-29120. Gold is getting support at 29280 and below same could see a test of 29120 level, And resistance is now likely to be seen at 29450, a move above could see prices testing 29600. Gold is trading into a negative zone and traders can hold short positions until Gold closes above 29500 levels. Traders can initiate long positions on every dip until Gold closes below 29000 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29600
|
29450
|
29280
|
29120
|
BEARISH
|
Silver: Silver trading range for the day is 40000-39000. Technically Silver is getting support at 39250 and below same could see a test of 39000 level, And resistance is now likely to be seen at 39500, a move above could see prices testing 40000. Silver is trading into a negative zone and traders can go short at near resistance levels or hold short positions until Silver closes above 39500 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
40000
|
39500
|
39250
|
39000
|
BEARISH
|
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