Gold: Gold trading range for the day is 30750-30250. Gold is getting support at 30400 and below same could see a test of 30100 level, And resistance is now likely to be seen at 30550, a move above could see prices testing 30750. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30550 levels. Traders can initiate short positions on every rise until Gold closes above 30550 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
30750
|
30550
|
30400
|
30250
|
Bearish
|
Silver: Silver trading range for the day is 38800-38000. 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 38550, a move above could see prices testing 38950. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38550 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
38950
|
38550
|
38400
|
38000
|
Bearish
|
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