Gold: Gold trading range for the day is 30400-30000. Gold is getting support at 30180 and below same could see a test of 30000 level, And resistance is now likely to be seen at 30250, a move above could see prices testing 30400. Gold is trading into positive zone and traders can hold long positions until Gold closes below 30180 levels. Traders can initiate long positions on every dips until Gold closes below 30180 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
30400
|
30250
|
30180
|
30000
|
BULLISH
|
Silver: Silver trading range for the day is 39000-38000. Technically Silver is getting support at 38400 and below same could see a test of 38000 level, And resistance is now likely to be seen at 38600, a move above could see prices testing 39000. Silver is trading into positive zone and traders can go long at every dips or hold long positions until Silver closes below 38400 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
39000
|
38600
|
38400
|
38000
|
BULLISH
|
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