Gold: Gold trading range for the day is 31150-30800. Gold is getting support at
30940 and below same could see a test of 30800 level, And resistance is now
likely to be seen at 31050, a move above could see prices testing 31150 . Prices possibly to rebound
higher towards the upside trend line objective of 31200/31250. While in this
positive note, fall below the exponential moving average support of 30900 may
cajole fresh selling.
R2
|
R1
|
S1
|
S2
|
TREND
|
|||
GOLD
|
31150
|
31050
|
30900
|
30800
|
SIDEWAYS
|
||
Silver:Silver trading range for the day
is 40450-39850. Technically Silver is getting support at 40000 and below same
could see a test of 39850 level, And resistance is now likely to be
seen at 40250,
a move above could see prices testing 40450. As long as moving average support
of 39800 holds downside prices possibly recover towards 40450.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
40450
|
40250
|
40000
|
38850
|
SIDEWAYS
|
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