Gold: Gold trading range for the day is 28700-28600. Gold is getting support at 28650 and below same could see a test of 28500 level, And resistance is now likely to be seen at 28800, a move above could see prices testing 28950. Gold is trading into the negative zone and traders can hold short positions until Gold closes above 29000 levels. Traders can initiate short positions on every rise until Gold closes above 29000 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
|
29070
|
29000
|
28650
|
28500
|
Bearish
|
Silver: Silver trading range for the day is 38300-37700. Technically Silver is getting support at 37950 and below same could see a test of 37700 level, And resistance is now likely to be seen at 38150, a move above could see prices testing 38300. Silver is trading into the negative zone and traders can go short at every rise or hold short positions until Silver closes above 38150 levels.
R2
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R1
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S1
|
S2
|
TREND
|
||
SILVER
|
38300
|
38150
|
37950
|
37700
|
Bearish
|
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