Bullion Intraday Road Map for Nov 04, 2011

Gold: day trading range 1722-1790, currently trading at 1759. Immediate support seen at 1754 below this likely to taste 1744-1722. Intraday resistance at 1768 if manages to hold above this then 1788-1800-1819 is possible targets. Reversal can’t be ruled out from upper band of today’s price range.

Silver: currently trading at 34.36 day trading range is 33.50-35.50. Immediate support seen at 34 and resistance at 34.60 breaks above 34.60 will take it to 35-35.50. Below 34 it will try to taste 33.50 and more down side. Reversal from upper band is likely. We will update u when to enter in shorts.

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LET THE MARKET TELL WHO WE ARE

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