Gold: Gold trading range for the day is 29400-29100. Gold is getting support at 29200 and below same could see a test of 29100 level, And resistance is now likely to be seen at 29300, a move above could see prices testing 29400. Gold is trading into a negative zone and traders can hold short positions until Gold closes above 29300 levels. Traders can initiate long positions on every dip until Gold closes below 29300 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29400
|
29300
|
29200
|
29100
|
BEARISH
|
Silver: Silver trading range for the day is 38400-37000. Technically Silver is getting support at 37500 and below same could see a test of 37000 level, And resistance is now likely to be seen at 38100, a move above could see prices testing 38400. Silver is trading into a negative zone and traders can go short at near resistance levels or hold short positions until Silver closes above 38100 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
38400
|
38100
|
37500
|
37000
|
BEARISH
|
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