Gold comex : intraday expected trading range between
1690-1730. Yesterday range bound moment seen in gold between ranges of 1730-1703.
Today also 1703-1730 ranges will play important role for day trading. Intraday trend
will remain sideways a break below 1693 would confirm a intraday decline till
1670-1660 ranges a respect of 1693 would confirm bullish move to be continue
for 1730-1760. Till gold trading below 1732 zones intraday very short term
trend will remain down and break of 1693 is likely above 1732 crossover can neglect
this intraday bearish view.
Silver comex: silver expected intraday trading range between
34-35. Silver is still bounded in a range between 34-34.65 and taking nice
support at 34 areas. Penetration of 34.65-34.70 zone is likely a respect would
confirm a retest of 34.10-34 zones. Above 34.70 intraday 35-35.60 possible.
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