Gold: Gold trading range for the day is 29700-29300. Gold is getting support at 29400 and below same could see a test of 29300 level, And resistance is now likely to be seen at 29500, 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 29400 levels. Traders can initiate long positions on every dip until Gold closes below 29400 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29650
|
29500
|
29400
|
29300
|
BULLISH
|
Silver: Silver trading range for the day is 39800-39000. 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 39450, a move above could see prices testing 39800. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 39250 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
39800
|
39450
|
39250
|
39000
|
BULLISH
|
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