Gold: Gold trading range for the week would be 30450-30000. Gold is getting support at 30200 and below same could see a test of 30000 level, And resistance is now likely to be seen at 30350, a move above could see prices testing 30450. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30200 levels. Traders can initiate short positions on every rise until Gold closes above 30200 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
30450
|
30350
|
30200
|
30000
|
Bearish
|
Silver: Silver trading range for the day is 38550-37850. Technically Silver is getting support at 38100 and below same could see a test of 37850 level, And resistance is now likely to be seen at 38350, a move above could see prices testing 38550. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38350 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
38550
|
38350
|
38100
|
37850
|
Bearish
|
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