Gold: Gold trading range for the day is 29050-29450. Gold is getting support at 29150 and below same could see a test of 29050 level, And resistance is now likely to be seen at 29300, a move above could see prices testing 29400. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29150 levels. Traders can initiate long positions on every dip until Gold closes below 29150 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
30400
|
29300
|
29150
|
29000
|
BULLISH
|
Silver: Silver trading range for the day is 39500-38900. Technically Silver is getting support at 39100 and below same could see a test of 38900 level, And resistance is now likely to be seen at 39250, 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 39000 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
39600
|
39250
|
39100
|
38600
|
BULLISH
|
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Gold is a precious metal and high capital is require to trade in it.A good source this post is to learn about useful commodity market updates. Traders can refer financial advisory services as well for earning desired returns.
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