Intraday trading idea for October 06, 2011

Comex gold: currently trading at 1651.90 looking bullish and this really may take it up to 1672-1680 zones if gold manage to hold above 1680 then a rise till 1700-1730 zones is likely, immediate support seen at 1638 a break below 1638 would signal an intraday decline till 1622-1610 range. USD index has broken important support that is supporting short term bullish view on gold

Silver come: currently trading at 31.07 immediate resistances seen at 31.50 if silver manage to hold abv 31.50 then it would signal an advance till 33.50-33.70 zones. $30 is looking good support for this view below 30$ then it would confirm at sideways moment between 28-31.50. Momentum is positive on very short term time frame buying in dips will be good idea for expected targets 31.30 to 33.30.

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