Gold: Gold trading range for the day is 31450-31000. Gold is getting support at
31150 and below same could see a test of 31000 level, And resistance is now
likely to be seen at 31300, a move above could see prices testing 31450 . Prices possibly to rebound
higher towards the upside trend line objective of 31280/31410. While in this
positive note, Fall below the exponential moving average support of 31090 may
cajole fresh selling.
R2
|
R1
|
S1
|
S2
|
TREND
|
|||
GOLD
|
31450
|
31300
|
31150
|
31000
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SIDEWAYS
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||
Silver:Silver trading range for the day
is 40200-39550. Technically Silver is getting support at 39800 and below same
could see a test of 39550 level, And resistance is now likely to be seen at 39950,
a move above could see prices testing 40200. As long as moving average
support of 39500 holds downside prices possibly recover towards 40180 followed by Bollinger upper band hindrance of 40575. Nevertheless, fall past below 39500 may dent our buying expectation.
support of 39500 holds downside prices possibly recover towards 40180 followed by Bollinger upper band hindrance of 40575. Nevertheless, fall past below 39500 may dent our buying expectation.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
40200
|
39950
|
39800
|
38550
|
SIDEWAYS
|
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