Gold COMEX : intraday expected trading range is between 1870-1945,trend is bullish, yesterday gold closed at 1900 a nice struggle seen near its resistance zone of 1907-10 and gold made 1904 high for the day. Today if gold manage to hold above 1910 zones for some time then we can see a good upside moment till 1927-1945 zones during the day. On intraday basis 1892 and 1880 levels are looking good support but major support is 1868 a failure below 1868 may take it to 1845-42 zones during the day.
Silver COMEX: expected intraday trading zones is between 42-44, trend is bullish but it seems that silver is facing a very strong hurdle between 43.50-44 zones, as I have discussed earlier silver is trading in a rising channel on daily chart that is suggesting this rally may continue till 45.50-45.90 but for further confirmation silver must sustain above 43.50 zones for some then we can expect 45-45.50 for the day 42.30 zone is looking good support for the day a failure below 42.30 may invite sellers for silver otherwise minor hurdle at 43.40 above this 44 and then no major hurdle before 45.50-45.80 zones.
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