Gold: Gold trading range for the day is 29400-29050. Gold is getting support at 29150 and below same could see a test of 290500 level, And resistance is now likely to be seen at 29250, a move above could see prices testing 29350. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29100 levels. Traders can initiate long positions on every dip until Gold closes below 29100 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
30350
|
29250
|
29100
|
29000
|
BULLISH
|
Silver: Silver trading range for the day is 39500-38700. Technically Silver is getting support at 38950 and below same could see a test of 38700 level, And resistance is now likely to be seen at 39200, a move above could see prices testing 39500. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 38950 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
39500
|
39250
|
38950
|
38700
|
BULLISH
|
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