Bullion Intraday Roadmap for Dec 28, 2011

Gold: currently trading at 1588.96, expected day trading range will remain between 1560-1620. Immediate support seen at 1580 break will take it to 1572-1565. Key support will remain at 1550 break would signal fall till 1532-1475 resistance seen at 1602 breakout above said level would signal rally till 1615-20 and 1622 will remain key resistance for the day. Trend is down selling on rise can be good idea for day trading.

Silver: currently trading 28.66 expected day trading range will remain between 28-29.20 trend is down. 28.60 will remain important support to watch failure would signal retest to 28.30-28 during day. 28 will remain key support and failure would confirm a fall till 26.70 that is our long awaited target for this down swing. Immediate resistance seen at 28.80 break would signal retest to 29.10-29.15 but 29.22 will remain important resistance for the day if manage to hold 29.22 then rally expected till 29.60-29.95 for the day .

If having any query related trading then feel free to ask.

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