Gold: currently trading at 1691.03, day trading range will
remain between 1660-1715. Trend will remain down for very short term time
frame. Immediate resistance seen at 1702 above this intraday reversal possible
tills 1710-1714 area, 1727 will remain very crucial resistance for this week. Till
gold trading below 1715 during this week its likely to taste 1640-1632 range. Immediate
support seen at 1683 below these next important levels is 1675-1663 below 1663
next important level at 1632. Intraday important level to watch is 1702 till
gold trading below this it’s looking weak for the day.
Silver: currently trading
at 31.65 intraday trading ranges will remain between 30.50-32.60. Trend will
remain week and immediate resistance seen at 32.10 above that rally my take it
to 33-33.60 till trading below 32.10 silver looking weak and try to taste 31,
31 is important support a failure below 31 will take it to 29.60 and more down
side. Important level to watch for the day are 30.70 failure below this level
with volumes can kill all bulls for short term.
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