YESTERDAY'S SILVER ACHIEVED TARGET 40200!!
Gold: Gold trading range for the day is 31550-31100. Gold is getting support at 31250 and below same could see a test of 31100 level, And resistance is now likely to be seen at 31400, a move above could see prices testing 31550 . Prices possibly to rebound higher towards the upside trend line objective of 31450/31550. While in this positive note, Fall below the exponential moving average support of 31100 may cajole fresh selling.
R2
|
R1
|
S1
|
S2
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TREND
| |||
GOLD
|
31550
|
31400
|
31250
|
31100
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SIDEWAYS
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Silver:Silver trading range for the day is 40550-40000. Technically Silver is getting support at 39900 and below same could see a test of 39650 level, And resistance is now likely to be seen at 40250, a move above could see prices testing 40000. As long as moving average
support of 40000 holds downside prices possibly recover towards 40250 followed by Bollinger upper band hindrance of 40550. Nevertheless, fall past below 40000 may dent our buying expectation.
support of 40000 holds downside prices possibly recover towards 40250 followed by Bollinger upper band hindrance of 40550. Nevertheless, fall past below 40000 may dent our buying expectation.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
40200
|
39950
|
39800
|
38550
|
SIDEWAYS
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