Gold: Gold trading range for the day is 29800-29100. Gold is getting support at 29300 and below same could see a test of 29100 level, And resistance is now likely to be seen at 29750, a move above could see prices testing 29800. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29300 levels. Traders can initiate long positions on every dip until Gold closes below 29300 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
29000
|
29750
|
29300
|
29100
|
BULLISH
|
Silver: Silver trading range for the day is 40200-39200. 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 39750, 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
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
40000
|
39750
|
39500
|
39200
|
BULLISH
|
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