Gold: Gold trading range for the day is 31700-31200. Gold is getting support at 31350 and below same could see a test of 31200 level, And resistance is now likely to be seen at 31550, a move above could see prices testing 31700 . Prices possibly to rebound higher towards the upside trend line objective of 31550/31700. While in this positive note, Fall below the exponential moving average support of 31100 may cajole fresh selling.
R2
|
R1
|
S1
|
S2
|
TREND
| |||
GOLD
|
31700
|
31550
|
31350
|
31200
|
SIDEWAYS
| ||
Silver: Silver trading range for the day is 40700-40000. Technically Silver is getting support at 40350 and below same could see a test of 40100 level, And resistance is now likely to be seen at 40550, a move above could see prices testing 40700. As long as moving average
support of 40000 holds downside prices possibly recover towards 40900 followed by Bollinger upper band hindrance of 40650. Nevertheless, fall past below 40000 may dent our buying expectation.
support of 40000 holds downside prices possibly recover towards 40900 followed by Bollinger upper band hindrance of 40650. Nevertheless, fall past below 40000 may dent our buying expectation.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
SILVER
|
40700
|
40550
|
40350
|
40100
|
SIDEWAYS
|
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