Gold: Gold trading range for the day is 30650-30250. Gold is getting support at 30400 and below same could see a test of 30250 level, And resistance is now likely to be seen at 30500, a move above could see prices testing 30650. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30650 levels. Traders can initiate short positions on every rise until Gold closes above 30500 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
30650
|
30500
|
30400
|
30250
|
Bearish
|
Silver: Silver trading range for the day is 38700-38000. Technically Silver is getting support at 38250 and below same could see a test of 38000 level, And resistance is now
likely to be seen at 38500, a move above could see prices testing 38700. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38500 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
38700
|
38500
|
38250
|
38000
|
Bearish
|
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