Bullion Road map for Nov 11, 2011

Gold: gold trading at 1766, day trading range 1703-1792. Intraday trend will remain sideways. Immediate resistance seen at 1778 above 1778 rise possible till 1792 and more 1805 will remain key resistance for this down move. Immediate support seen 1748 hourly closing below 1748 would signal decline till 1725-1704 are. Buying near lower levels of day trading range will be good idea. Our 9^th November sell call from 1790 has done our both expected targets yesterday.

Silver: trading at 34 yesterday nice rebound seen from our key support and silver closed above 34 after making a low of 33.15. Intraday trend will remain sideways. Day trading range will remain between 33-34.40, immediate support seen at 33.70 below 33.70 a retest of lower band around 33.20-33 range is possible, 34.40 will act as key resistance for the day above 34.40 a rise till 34.90-35.30 area can’t be ruled out. 33 will remain key support for this bullish wave and a daily closing below 33 will destroy this bullish wave and would signal a fall till 30.50 in coming days.

Comments

Dinesh said…

jai mata di. great work bro.market move like as u say.jai mata rani ki.

November 12, 2011 at 1:00 AM

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