LET THE MARKET TELL WHO WE ARE

Here is the daily continuation chart of NATGAS MCX January contract which is getting support at rising trend line around 188 and resistance at 196.40, RSI on daily chart suggest more weakness in this counter and sustained declined below recent lows 182 would offer areas of 174 and 165 as primary supports. Previous closing was 188.70, resistance will remain at 196 and bulls need to produce minimum 2 closes above the same to claim their presence.

Gold approaching down sloping trend line of descending parallel channel and 50 EMA on 240 minute chart and testing lower line of bearish flag within this channel. Gold bulls need to show more power to establish a bullish direction above 1730 zones. Stability below 1730 still looking supportive for bears and whipsaw trades may trap both sides. MACD hovering under zero line supports a bearish trend and stability needed above 1730-35 zones to neglect the bearish signals.

As we can see here in the chart provide above silver is holding the recent gains above 50 weeks exponential moving average and has covered previous week’s losses during the 2nd trading session of current week. Now silver bulls need to show more power to establish a bullish direction above areas of 32.70 to signal a bullish attempt that would help this commodity to jump towards areas of 34.30 and more upside. Failure of recent support, which is placed at 30.70, would signal a deeper correction towards 28-26 zones. MACD is losing its bullish momentum but hovering above zero line supports a bullish direction. 14 periods weekly RSI getting support at 50 line considered as bullish sentiments. Outlook will remain bullish in case of stability above 30.70 while failure would neglect these bullish expectations. Cross and close above 32.70 would be added advantage for silver bulls.

Natural Gas closed at 152.30 down by 3.80 paisa yesterday after positive inventory data released by EIA which came 47B up by 27B against 20B prior. Yesterday’s fall was supported by 100-EMA and ascending trend line  at 149 otherwise it could lead further losses. immedaite resistance seen at 160 continue trading above this leve would signal recovery in this counter. support will remain at 149 breach of support would offer 142-137 as primary targets. recovery above 160 would signal resumption in uptrend and for likely targets 190-220 in short term Supports: 149/135 Resistances: 161-184 Recommendation: buying natgas above 161 for targeting 190-210-225 with stop loss below 154 might be appropriate.

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Gold: Oct gold on mcx closed at 30167, trading range 29800-30420, trend is sideways. Immediate support seen at 30100 failures would signal intraday weakness and gold will try to head towards 30000-29980 failure below 29980 may take it to 29930-850. Short term key support will remain at 29800. Immediate resistance seen at 30200 stability will take it to 30260-370 zones. Silver: closed at 53341, trading range 53000-54500, trend is sideways with bullish bias.  Today 52490 will remain important to watch, stability above 53500 will remain supportive for bulls and silver may head towards 54200-54300 zones for the day, key resistance will remain at 54500 for short term. Failure below 53490 may take it to 53200-53050 key support will remain at 52980 failure may trigger more weakness for the day. 

Gold: Gold Oct. contract closed at 30150, day trading range 29950-30300, trend is sideways.  Immediate support seen at 30100 failures would signal intraday weakness and gold may fall till 30000-29950 for the day. Key support will remain at 29900. Immediate resistance seen at 30200 stability may take it to 30200-30250 zones. Key resistance will remain at 30300 for the day. Silver: closed at 53228, trading range 52200-53600, trend sideways.  Silver is moving between ranges of 53000-536000 after breakout above 53100. Today 53000 will remain important to watch failure may trigger intraday weakness and it may try to taste 528850-650 zones for the day. Key support will remain at 52200 for short term. Key resistance seen at 52600 breakouts above this level will offer 54000-54300 as target area for very short term. Key resistance will remain at 54500 for short term. 

Gold:  closed at 27793, trading range 29580-30050, trend sideways with bullish bias. Today 29780-800 zones will remain as trend decider stability above 29800 will be supportive for buyers and gold will try to head 29860 zones. Stability above 29870 may take it to 29915-30000 zones. Key resistance will remain at 29930 for the day. Stability below 29780 will remain supportive for bears and gold may head towards 29730-29660 key support will remain at 29590. Silver: closed at 53217, trading range 52600-53600, trend is sideways. Today 53300 will remain trend decider stability below 53300 will remain supportive for sellers and silvery may hit 53050-52880 for the day. key support will remain at 52200 on daily closing basis. Above 53300 if silver manage to hold then it will try to hit 53550 zones minor resistance seen at 53600 stability above this level will take it to 53850-54000 key resistance will remain at 54500 for short term. 

Gold: closed at 29835, trading range 29600-30050, trend is sideways with bullish bias. Today 29870 will remain important to watch stability above 29870 may take it to 29950-30050 zones. Short term key resistance will remain at 30200. Stability below 29870 may trigger profit booking and it may taste 29770-670 zones, below 29650 it may taste 29570-530 zones.  29450 will remain key support for short term. Silver: closed at 53453, trading range 5200-54000, trend is sideways with bullish bias. Today 53250 will remain important to watch stability above this level will trigger further bullishness and silver may taste 53550-53800. Key resistance will remain at 54500 for short term. Stability below 53250 will take it to 53050-52900 but 52850-52800 zones are looking good support zones and jump can’t be ruled out. Failure below 52800 may take it to 52600-52400 key support will remain at 52200.

Gold: closed at 29568, trading range 29300-29850, trend is sideways with bullish bias. Today 29510 will remain trend decider, stability above this level will remain supportive for bulls and it will try to hit 29640-650 zones. 29650 can act as resistance zones, stability above 29650 will take it to 29760 and more.  Failure below 29510 may take it to 29475 but 29470-460 zones are good support failure will call for retest of 29400-380 zones. Silver:  closed at 52828, trading range 52200-53600, trend is sideways. 52800 will remain trend decider for the day, stability below 52800 will remain supportive for bears and silver may hit 52600-52350 but 52200 will remain key support for short term. Stability above 52800 will call for 53050-53100 stability above 53100 will take it to 53250-53500. Silver is not closing above 53100 on daily basis, closing above 53100 may trigger 1500-2000 points upside in silver. 

Gold: closed at 29277, trading range 29100-29380, trend sideways. Immediate resistance seen at 29310 stability above 29310 will take it to 29360-450 for the day.  Stability below 29310 will remain supportive for intraday bears and gold will try to head towards 29220-29180 zones. Key support will remain at 29100 failure would signal decline till 28900-28600 zones. Important resistance to watch is 29380 stability above this level will remain supportive for bulls. Silver closed at 52842, day trading range will remain between 52000-53500, trend is sideways. Immediate resistance seen at 53120 stability above this level will remain supportive for bulls and silver may head towards 53300-53500 zones. Key resistance will remain at 54500 for short term. Immediate support seen at 52600 failures may take it to 52450-52250 zones but 52200 will remain important to watch failure may trigger weakness that will take it to 51700-51400 zones. 

Gold closing below 29160 that is main support of consolidation pattern and signalling more bearishness. 29270-29370 areas will remain strong resistance and fall may extend till 28700-28600 to taste descending support of parallel channel. MACD below zero line and 14 RSI holding below 50 line supporting bearish outlook. Resistances: 29270-29370-29440 Supports: 29100-29900-29600 Recommendation:  selling gold around 29180-240 for targeting around 28900-28700 with stop loss above 29310 might be appropriate. 

Gold: closed at 29289, trading range 29150-29360, trend is sideways. Today trend decider level will be 29280 stability below this will remain supportive for sellers and it will try to hit 29200-170 zones. Key support will remain at 29150 failure may take it to 29060-28960. Stability above 29280 will remain supportive for bulls and it will try to hit 29350-360 zones. Stability above 29360 will take it to 29450 and more upside. Silver: closed at 52890, trading range 52000-54000, trend sideways. trend decider level will be 52750 stability below this will take it to 52500-52200 but key support will remain at 52200 and failure below 52200 may take it to 51850-51500-51250 zones.  stability above 52750 will support bulls and it will try to hit 53050-53300 stability above 53300 will take it to 53650-54000 short term key resistance will remain at 54500.  

Gold: closed at 29280, trading range 29150-29360, trend sideways. stability above 29260 will  remain supportive for bulls and it will try to head towards 29330-29360 stability above 29370-400 will supply more power to bulls and gold may hit 29600-29700 zones soon. Key support seen at 29150 failure will take it to 29060-28940 closing below psychological level 29000 may create panic otherwise trend will remain on place and likely to hit 29600-29700. Silver:  closed at 52745, trading range will remain between 52000-54000; trend is sideways with bullish bias. silver having immediate support at 52600 stability above 52600 will remain supportive for bulls and silver will try to head towards 53000-53300 stability needed above 53300 to confirm a retest of 54000-54200 zones. Key resistance will remain at 54500 for short term. Silver having strong support at 52350 on daily close basis close below this level may trigger more weakness for 51300-50000 zones otherwise bias will remai...

Light sweet crude trading above its key resistance of 88.27 above neckline of inverse head and shoulder pattern.  Pattern suggesting $5-10 upside rally in this commodity. 14 periods RSI respecting ascending trend line support, momentum is bullish. Short term moving average holding above midterm and long term moving average supporting our short term bullish outlook on crude. Resistances: 88-93-100 Supports: 86-83-78 Recommendation: buying Crude  oil  around 87-86 zones for targeting 93-100 with stop loss below 83.50 on 4 hour close basis might be appropriate. 

Gold: closed at 29268, trading range 29100-29400, trend sideways. Immediate support seen at 29250 failure will take it to 29200-29160 key support for short term will remain at 29100 failure may take it to 28950-28800. Stability above 29250 will remain supportive for bulls and gold will try to head 29330-370 zones. key resistance will remain at 29400 stability above 29400 will trigger short term recovery that will take it to 29650-700 zones. Silver: closed at 52767, trading range 52000-53900, trend sideways. Immediate support seen at 52580 failures may trigger intraday weakness and silver will try to head towards 52250 zones. Key support will remain at 52000 for short term failure will take it to 51850-51250-50000. Stability above 52580 will remain supportive for intraday bulls and silver will try to head towards 53000-53300 but 53300 may act as good rest stability above 53300 would offer 53600-53850 as target areas. 

Gold: closed at 29222, trading range 29000-29350, trend is sideways with negative bias. Trend decider level will remain at 29240 stability above this level will take it to 29280-330 zones.  Intraday key resistance will remain at 29350 recovery above 29350 will take it to 29400-29430 zones. Important support for the day will remain at 29165 failures will take it to 29050-29000, but 29000 can act a good psychological support failure may take it to 28940-850 zones. Silver: closed at 53017, day trading range will remain between 52000-54000; trend will remain sideways with bullish bias. Trend decider level will be 52800 stability above this level will remain supportive for intraday bulls and silver will try to head towards 53300-53700. Short term key resistance will remain at 54500 daily close will confirm recovery for short term. Stability below 52800 will supply some negative bias and silver will try to taste 52550-52250 but 52000 will remain key support for the day. 

Gold: closed at 29265, trading range 29000-29450, trend sideways. Immediate resistance seen on 29300 stability will take it to 29360-420 zones. Key resistance will remain at 29450 todays close above 29450 would neglect fresh bearish developments otherwise weakness will remain continue in mcx gold. Stability below 29300 zones will remain supportive for bears 29200 looking good support area failure will take it to 29130-29050. 29000 can act as good psychological support failure will take it to 28930-860 zones. Silver: closed at 52735, trading range 51900-53450, trend is sideways.  Today’s trend decider level is 52700 stability above this will remain supportive for bulls and it will try to move towards 52930-53150-53300 key resistance will remain at 53450. Stability below 52700 will support intraday bears and silver may fall till 52500 important supports seen at 52450 stability below this level may trigger more weakness and silver may hit 52150-51950.

Sign of potential harmonic structure has been seen on 240 min chart of mcx gold, which completes at 29256. Gold made low of 29225 and currently trading at 29283 and nice buying interest seen near expected support of 29250 zones. Stochastic with overbought reading also suggesting a recovery from these levels.   Supports: 29200-29100-28900 Resistances: 29450-29750-30150 Recommendation:  buying gold around 29250-200 for targeting 29430-29650 with stop loss below 29103 might be appropriate. 

Gold: closed at 29428, trading range 29300-29700, trend sideways with negative bias. 29500 will remain trend decider, stability above 29500 would take it to 29550-29640 key resistance will remain at 29700 stability would signal recovery from immediate bearish developments. Immediate support seen at 29380 stability below this level may take it to 29300-29200 zones.   Silver: closed at 52648, day trading range will remain between 51900-53700, trend is down.  Today 53000 will remain trend decider and stability above 53000 may take it to 53300-53600 but key resistance will remain at 53800. Stability below 53000 will remain supportive for intraday bears and silver will try to hit 52500-52300-51950 for the day. 

Gold: closed at 29657, trading range 29550-29850, trend sideways. 29630 will remain important to watch stability below this level would signal intraday weakness and gold will try to head towards 29570-29520. Key support will remain at 29400 for short term failure would signal decline till 29100-29000 zones. Immediate resistance seen at 29700 stability above 29700 will take it to 29745-800 zones. 29850 will remain key resistance for short term. Silver: closed at 53544, trading range 52900-54500, trend sideways with bullish bias. 53400 will act as trend immediate resistance seen at 53610 stability above 53610 will take it to 53900-54000-54300. Key resistance will remain at 54500 stability above 54500 would signal recovery from short term down trend.  Below 53400 it will try to taste 53250-53000 zones. key support will remain at 52900 failure will take It to 52500-52200. 

Gold: closed at 29621, day trading range between 29400-29840, trend will remain sideways with negative bias. Today 29600 will act as trend decider stability above 29600 will take it to 29690-29700 zones.  Stability above 29700 may take it to 29790-830 zones. Key resistance will remain at 29850 stability would offer short term rise that will take it to 30130 and more upside. Stability below 29600 will take it to 29530-460 zones. Key support will remain at 29400 close below 29600 would signal 29100-29000 zones as primary supports. Silver: closed at 53167, day trading range 53000-54500, trend sideways. Key support seen at 53000 stability would signal more weakness and silver will try to hit 52200-51300 zones. Above 52900 till silver manage to hold is likely to hit 53600-53700 zones.  Stability above 53700 may trigger more bullishness and silver may hit 54000-54000 key rest will remain at 54500 close above 54500 would signal recovery from short term down trend. 

Gold: closed at 29746, trading range 29580-29980, very short term trend up. Today 29700 will remain trend decider stability above 29700 will be supportive for bulls and it will try to hit 29790-830 zones. Stability above 29860 will take it more upside and it may try to hit 29960 zones for the day. Below 29700 if manage to hold then fall expected till 29650-600 zones. 29580 will remain key support failure may neglect our bullish expectations; otherwise trend will remain up for targeting 29950-30100. Silver: closed at 53674, day trading range will remain between 53000-55000, trend is sideways. Today important level to watch in silver is 53850 stability above 53850 will support bulls and metal will try to head towards 54230-54800 but 54500 may act as strong resistance zones. Below 53850 bears will remain aggressive and metal will try to head 53450-53050. Key support for the day is 53350 and key resistance is 54500. 

Gold: closed at 29571, trading range 29400-29800, trend will remain sideways with bullish bias. Today 29550 will play important role. Stability above 29550 will take it to 29620-750 zones. 29800 will remain key resistance stability above 29800 will trigger recovery for short term, and gold will try to resume uptrend. Immediate support seen at 29550 failures may take it to 29470-430 zones. 29380-370 zones will remain key support for short term. Silver: closed at 53731, trading range 53000-55000, trend is sideways with bullish bias. Today 53700 will play important role stability above 53700 will take it to 53900-54200 stability above 54300 may take it to 54500-54900 daily close above 54500 may trigger recovery from short term down trend.  Failure below 53700 will take it to 53500-450 zones but 53400 will remain important to watch failure may take it to 53000-52900 for the day.  

As we can see here CARDAMOM MCX next (AUG) contract moving in a rectangle after a rally from 606 to 1397 and respecting an ascending trend on daily chart. 14 Period RSI taking support at 50 and moving upside, MACD has already given bullish cross and trying to climb zero line supporting our bullish expectations for short term. Bearish crossover seen on moving average but stability above 1275 zones may neglect these bearish developments. Supports: 1200/1165/1100 Resistance:  1400/1500/1700 Recommendation:  buying between 1240-1200 for targeting 1400-1500-1700 with stop loss of 1160 on daily closing basis might be appropriate. 

Gold: closed at 29473, trading range 29300-29720, trend sideways with negative bias. Today trend decider level will be 29520 stability below this level will remain supportive for sellers and gold will try to hit 29420-400 zones. Key support seen at 29370-380 failure of these levels is less likely; in case of failure it will trigger more weakness. Above 29520 if manage to hold then it will try to hit 29580-620 zones. 29640 will remain key resistance for the day. Silver: closed at 53706, day trading range will remain between 53000-54300, trend is sideways.  53700 will remain important to watch stability above this level will remain supportive for bulls but key rest seen at 53900 stability above 53900 needed for retest of 54200-400 zones. 54500 will remain key resistance for short term. Below 53700-680 it may trigger intraday weakness and silver may head towards 53450 zones. Support seen at 53400 failures will take it to 53200-53000. Key support seen at 52900 failures will trig...

Gold: closed at 29660, trading range 29400-29800, trend is sideways. Immediate support at 29630 failure would take it to 29580-70 zones failure below 29560 will signal retest to 29450-400 zones. 29400 will remain key support for short term. Resistance seen at 29760 stability would offer 29810-29930 as target zones.  Today trend decider level will be 29660, bulls will remain aggressive above this level and stability below this level would support intraday bears. Silver: closed at 54513, day trading range 53000-54300, trend will remain sideways. Immediate resistance seen at 53650 stability would offer 53850-54000-54200 as target zones. Stability below 53660 will remain supportive for bears and silver will try to hit 53200-53000 zones. short term support at 53000 close below this level would signal short term decline that may take it to 52500-51800. 

Gold: closed at 29662 day trading range 29400-29800, trend consolidation. Immediate support seen 29590-600 zones stability below these zones may trigger further weakness and gold may try to head towards 29500-29450 zones for the day. Key support will remain at 29400 failure would signal short term decline till 29100-28800. Key resistance will remain at 29800 stability needed above 29750 zones to confirm intraday rally up to 29900-30000 zones. Otherwise sideways moment expected for the day. Silver: September contract on mcx closed at 53313, trading range 53000-54300, trend down. Important to watch 53600 stability below this level will remain supportive for bears and silver will try to hit 53100-53000 for the day. Key support will remain at 53000 stability below 53000 would signal decline till 52600-52000 zones.  Stability above 53600 is less likely but in case of stability above 53600 silver may head towards 54000-54200 zones. 54300 will remain key resistance stability above ...

Gold mcx moving in a descending channel and now tasting support line of this channel. At the same time bullish crab harmonic structure seen which completes at 29435 and gold may jump after hitting low around 29440-430 zones. Bullish divergence on 14 period RSI indicator also supporting our reversal expectations. Supports: 29430-29100 Resistances: 29660-29770-29920 Recommendation: buying gold around 29455-435 zones for targeting 29630-770-29900 with stop loss below 29400 on hourly closing basis might be appropriate. 

Gold: closed at 29652,  trading range  29500-29900; trend is sideways with negative bias. Yesterday sharp decline below 29860 as we were expecting. Today key support will remain at 29500 recovery expected from 29570-29500 zones. Closing needed below 29500 to confirm further down side. Resistance seen at 29780-800 zones stability will trigger intraday rally till 29900 and more upside. Technical outlook will remain bearish for short term. Silver: closed at 51756, trading range 50800-52600, trend is down. Immediate support seen at 51650 failures will signal intraday decline till 51300-51200 zones. Stability below 51200 will take it to 50800 zones for the day, overall trend is down and this swing is open for 50000. Immediate resistance seen at 52150 stability above this level would signal intraday recovery and it will try to hit 52400-52500 zones. 52600 will remain important to watch stability may trigger recovery otherwise down trend will remain continue. 

Gold currently trading at 29970, as we can see here gold respecting support of ascending trend line that is around 29860 stability below 29860 may trigger intraday weakness and metal may try to head towards 29750-29500 in short term. 14 periods RSI below 50 and MACD below 0 lines are suggesting downward momentum. Major resistance for this view will remain at 30200 stability above 30200 may neglect recent bearish developments and will take it to 30400-30700 in short term. Supports: 29860-29700-29500 Resistance: 30040-30200-30400

Gold: closed at 29964, trading range 29700-30200, trend sideways. Today trend decider level is 29960 stability below this level will be supportive for sellers and it will try to hit 29870-29770 for the day. Key support will remain at 29700 failure would signal decline till 29450-29100 in short term. Stability above 29960 will be supportive for bulls and gold will try to hit 30100-30130 key resistance will remain at 30200 stability will support bulls. Silver: closed at 52963, trading range will remain between 51200-53900, trend is down.  Today 53200 is important to watch, stability above 53200 will take it to 53560-53800 key resistance will remain at 53900 stability would offer 54300-54400 as target zones. Immediate support at 52700 stability below 52700 will support intraday bears and silver will try to head 52450-52200 for the day. Stability below 52200 would signal short term decline for 51700-51200 zones. 

Gold: closed at 30080, trading range 29600-30340, very short term trend sideways, general trend is up. Today 29990 will be trend decider failure would signal intraday decline till 29900-29860 today 29700 will be key support and failure and close below 29700 may trigger short term bearishness in gold and gold may try to hit 29100 zones. Immediate rest seen at 30180 stability would signal intraday rise till 30260-30320. Key resistance will be 30330 breach of this level will trigger continuation in uptrend and 30700-30800 will be primary target in short term. Silver: closed at 53675, trading range 52200-54500. Short term trend down.  Immediate resistance seen at 53900 stability above this will take it to 54300-54400 zones but 54500 will remain key resistance for very short term and stability above 54500 may neglect our bearish outlook for very short term. Today 53200 will be important till holding above this level metal will remain bullish and will try to hit resistance zones. ...

Gold : closed at 28843 29843, day trading range will remain between 29500-30130, intraday trend sideways, short term trend is up.  Immediate support seen at 29800 stability below 29800 will take it to 29730-690. Key support will remain at 29500 for short term.  29990 will remain important resistance stability above 29990 will take it to 30100-30120 key resistance for the day will remain at 30275 stability above this level will trigger further upside. Silver: closed at 52898, day trading range will remain between 52300-53960, short term trend is down. Intraday key support seen at 52800 stability below this level will take it to 52500-52200 zones, 52000-52200 zones will remain key support and stability below these levels will trigger fall till 51800-51300 in very short term.  Today trend decider level will be 53400 stability above this level will take it to 53700-53900-54200 for the day. key resistance will remain 54500 closing needed above 54500 to confirm recovery,...

Gold: closed at 30289, day trading range between 30090-30400, trend sideways.  Today 30200 will be trend decider level for gold , stability below 30200 will take it to 30160-30090-30000 key support will remain at 29950 failure would signal short term correction in gold that may take it to 29700 and more down side. Stability above 30200 will support intraday bulls and it will try to hit 30340-400 zones in intraday key resistance will remain 30500. Silver: closed at 54570, day trading range will remain between 53300-55500, trend is down. Yesterday silver made low of 53813 and nicely jumped as we were expecting 53800-53700 zones as strong support zones. today trend decider level will be 54450 stability above this will take it to 54650-54900 zones. 55000 will be key resistance for intraday  and 55300 will be key resistance on closing basis. Below 54450 bears will remain aggressive and silver will try to head towards 54270-53850. Intraday key support will remain at 53800 sta...

Gold: closed at 30214, day trading range 29950-30370, trend sideways with bearish bias. Today 30270 will remain intraday trend decider above that if manage to hold then gold will try to head towards 30340-30440 zones. Above 30440 if manage to hold then it will open doors for 30600-31000 in short term. Stability below 30270 will be supportive for intraday bears and likely to taste 30120-30000. It is likely to take minor support around 29970-980 zones if manage to break that support then intraday decline till 29880-850 zones can’t be ruled out. Silver: closed at 54465, day trading range 53600-55300, trend down. Yesterday silver was attacking key resistance of 55300 but was not able to break that level and nice decline seen from resistance area.  Today trend decider level will be 54650 stability above this level may trigger intraday recovery and silver will try to head towards 55000-55200 zones, stability above 55250-300 will take it to 55500-55900 for the day. Support seen at ...

Gold: closed at 30311, day trading range 30050-30580, trend is up.  Yesterday gold closed above its key resistance of 30200 supporting bullish outlook that may take it to 30600-30700 during this move. Immediate support seen at 30240 failures may take it to 30200-190 zones but 30190 will be trend decider stability below 30190 will supply more weakness and it may try to taste 30100-29950 during the day. Above 30190 trend will remain up and gold is likely to hit 30440-550 zones. During the day. Silver: closed at 54923, day trading range 54200-55500, trend is up. Yesterday silver made low 54253 as day low but was not able to hold below key support of 54300 as I have written in my previous post. Immediate support seen at 54700 stability below 54700 may trigger more weakness and it may try to taste 54450 zones for the day but 54300 will remain important in intraday and 53700 on daily chart.  Stability above 54900 will be supportive for bulls and silver will try to head toward...

Gold: closed at 30154 on Saturday, day trading range is expected to remain between 29800-30300, trend will remain sideways. Gold having strong support at 30050 stability below 30050 would offer 29900-850 as target areas for short sellers. 29700 is expected to remain strong support for short term daily close below this 29700 will offer 29550-29100 as target areas in gold for very short term. Key resistance will remain at 30200 minimum 2 consecutive close needed above this level to for rally till 30700-31200 zones. Silver: closed at 54553, day trading is expected to remain between 53100-55100, trend is sideways.  Having strong resistance at 55000-55100 zones stability above these levels may trigger intraday bullishness and silver may try  to head 55400-55700 and more upside. Key support will remain at 54300 stability below this level will trigger intraday bearishness and silver will try to head 53800-53500 zones. key support will remain at 53700 on daily closing basis....

Silver: as we can see here silver on daily chart respecting resistance of descending trend line and 50 periods simple moving average that is around 55300 silver must close above 55300 to confirm further upside. Yesterday’s sharp selling from resistance of 55300 is also supporting 55300-55400 zones as crucial resistance zones.  Down side silver respecting ascending trend line support around 53800 daily close below 53800-53700 zones would trigger short term bearishness and silver may try to head towards 51800-49000 in short term. At the same time stochastic indicator turning negative that is also supporting our outlook. Resistances: 55400-56350-57500 Supports: 54300-53700-51700 Recommendation: selling silver around 54900-55000 for targeting 53900-51800-49000 with stop loss of 55400 might be appropriate on daily closing basis. 

Gold: closed at 30113, day trading will remain between 29860-30300, trend is sideways. Yesterday nice decline seen in gold after high of 30236. Today 30236 will remain big resistance to cross for gold. Trend decider level is 30110 stability above 30110 will be supportive for gold and it will try to head towards 30170-30230. Stability below 30110 will supply intraday weakness and it will try to head towards 29980. Key support will remain at 29900 intraday stability below 29900 will trigger very short term bearishness in gold. Silver: closed at 54441 day trading range is expected to remain between 53100-55300, trend is sideways. Yesterday also silver was not able to hold above its key resistance of 55300 and nicely dropped. Today 53900 will remain important to watch stability below this level may trigger more weakness in intraday and silver may head towards 53500-53200 but 53700 will remain key support closing basis and closing below this level will trigger short term bearishness ...

Gold: closed at 29968, day trading range will remain 29500-30120; trend is expected to remain sideways. Intraday trend sideways, short term trend is up. Immediate resistance at 30050 stability would above 30050 will would signal intraday upside till 30150-30200 close above 30200 would signal 30400-30700 in very short term.  Immediate support seen at 29820 stability needed below 29820-800 zones to confirm intraday decline till 29700 and 29600 key support will remain at 29550-500 zones.  Silver: closed at 55076, day trading range 54000-55700, short term trend is up with key support of 54300 on 2 consecutive closing basis. Today 55300 will remain key resistance to watch stability above 55300 would offer intraday rally till 55500-55700 zones. Stability above 55800 zones is less likely but rally till 56300-56700 can’t be ruled out if silver manage to hold 55800 levels during the day. Immediate support at 54730-700 zones failure may trigger intraday decline that may take it t...

Gold: closed at 29765 day trading range is expected to remain between 29500-29900, trend is sideways. 29700 zones will act as trend decider above 29700 gold will try to head towards 29780-860 zones for the day. Stability above 29900 needed to confirm further upside for short term otherwise reversal is likely from resistance area. Immediate support seen at 29630 stability below 29630 would trigger intraday weakness and it will try to head towards 29580-530 zones.  29500 will remain key support failure below 29500 may take it to 29440-400 zones.  Silver: closed at 54694, day trading range is expected to remain between 53700-55300, trend is sideways.  54300 is important to watch in silver stability above 54300 will be supportive for silver and 54770-950 will remain major resistance for the day above 54950  it will try to move towards 55200-300 zones, but 55300 will remain key resistance for the day, and further upside only possible after breakout above 55300. Bel...

Gold: closed at 29536 day trading range between 29300-29800, trend will remain sideways for short term with trading range between 29100-30300. Immediate resistance seen at 29650 stability needed above 29650 to confirm recovery of Thursdays fall and it will try to taste 29750-800 zones. Immediate support seen at 29500 failures may trigger intraday weakness and gold may taste 29460-29420 for the day key support will remain at 29300-280 zones. Stability above 29300 will be supportive for bulls and gold will remain open to taste 29800-30200 in near term. Failure below 29300 may neglect our bullish expectations. Silver: closed at 54201, trading range will remain between 53800-55800, short term trend is sideways. Immediate resistance at 54380 penetration of resistance will supply power to bulls and it will try to taste 54700-750 zones. Stability above 54800 would supply more power to intraday bulls and retest of 55100-55800 zones possible after a successive breakout above 54800. Immed...

Gold: closed at 30080, day trading range is expected to remain between 29400-30200; trend is sideways with bullish bias. Immediate support at 30050 failure may take it to 29900-880 failure below these zones will take it to 29700-29550 but 29400 will remain key support for short term. Stability above 30050 will support bulls and it will try to move towards 30150 to 30250 for the day. Silver: closed at 55872 day trading range will remain between 53000-55200, trend will remain sideways. Immediate support seen at 54450 failures may take it to 54200-54000 for the day. 53900 looking good support failure may take it to 53700-53500 for the day  54600 looking good immediate support stability above 54600 will provide some power to move towards 54850-55000-55150 but 55200 will remain key resistance for the day on closing basis, close above 55200 will trigger a short term bullish attempt for 1500-2000 points.

Gold: closed at 29432, day trading range will remain between 29180-29600; trend is expected to remain sideways with high volatility. today Indian rupees expected to remain strong against us dollar that may help intraday bears in bullion. Yesterday gold broken out above 29500 but was not able to hold above resistance. Immediate support seen at 29408 failures will take it to 29360-29300 minor support at 29300 failures below 29300 may take it to 29200-180 for the day. Resistance seen at 29520 stability needed above 29525 to confirm intraday rally that will take it to 29650-700 zones for the day. Silver: closed at 54132 day trading range will remain between 53300-55200, trend is sideways.  Silver having strong hurdle 54550 stability needed above 54550 to move further upside but 55200 will remain key resistance for short term and till silver not manage to hold that level we can see a larger degree correction in silver. Intraday support seen at 53800 failure wi...

Gold: Gold MCX August contract closed at 29488, day trading range is expected to remain between 29100-28700, euro/used trading in over sold territory that will trigger higher volatility in bullions. Rupees also weakening against dollar that will support bullions in domestic markets. Immediate resistance seen at 29500 break will take it to 29570-640 but 29670-700 zones will remain key resistance zones. Immediate support seen at 29400 failures would signal intraday consolidation between 29200-29500 and will try to taste 29300 zones. Failure below 29300 is less likely but may fall towards 29240-170 key support will remain at 29100. Silver: closed at 54483, trading range 53300-55600, trend sideways. Immediate support at 54200 that will act as trend decider stability above 54200 would support bulls and will help this metal to move upside till 54800-55000 but 55120-200 zones are important to watch stability above 55200 would signal a short term rally till 55550-56400-56700. Below 5420...

Gold:  closed at 28859, day trading range will remain between 28700-29100, trend will remain down, but weakness in Indian rupees may support bullion prices in domestic markets. Immediate support seen at 28800 failures will take it to 28740-680 for the day; it is expected to take support at 28700-680 zones, if fails to hold these supports then gold may fall till 28530 for the day. Immediate resistance seen at 28970 stability above this level may take it to 29040-29070 zones. 29200 will remain key resistance for short term. Silver: closed at 53964 day trading range will remain between 53000-55000, trend down. Immediate support seen around 53700-750 zones failure below these levels will take it to 53400-53100 for the day. 53000 will remain good psychological support for short term failure below 53000 may take it to 52100-51300 in short term. 54220 will remain trend decider stability above 54220 may supply some power to intraday bulls that may take it to 54500-54700 zones but 55...

Gold: closed at 28965, day trading range is expected to remain between 28700-29200, trend is expected to remain sideways with positive bias. Today INR weaning against USD that is also supportive for bullions in domestic markets. Immediate support seen at 28940 stability below this level may trigger intraday weakness that will take it to 28880-28800 for the day but 28700 will remain key support for short term. Above 28940 gold will remain attractive bet for bulls and it will try to move towards 29100-29160 stability above 29160 would trigger further bullishness that may take it to 29240-290 but 29300 will remain key rest for short term daily close above 29300 would signal an uptrend for targeting 29550-30000 in very short term. Silver: closed at 54351, day trading range will remain between 53300-55000, trend will remain sideways with positive bias. Silver having strong support at 54300 failures may take it to 54050-54000 for the day. 53850 looking very strong support for the day,...

Sign of classic bearish bat pattern has appeared on Gold 240 minute chart which completes at 1654. 14 period RSI also respecting ascending trend line and making higher lows, also supporting short term bullish outlook for this metal. 1526 will be key support for this outlook and failure below 1526 may trigger further bearishness that may take it to 1511-1455 in coming days otherwise it is likely to move towards  1616-1654 zones before further down side. Supports : 1547-1526-1511-1455 Resistances : 1580-1616-1640-1654 Recommendation: buying gold around 1550-1560 for targeting around 1616-1654 with stop loss below 1526 on 4 hours closing basis might be appropriate. 

Gold: currently trading at 1560 day trading range will remain between 1518-1600, trend is sideways. gold having a strong hurdle at 1565 stability needed above 1665 to confirm further bullishness above 1565 it will try to head towards 1572-1584 but 1600 will remain psychological resistance for short term stability above 1600 would offer 1654 as primary target. Support seen at 1554 stability below this level would offer intraday weakness till 1547-1542 and 1528 will remain key support over short term failure may signal short term weakness that will take it to 1511-1455. Silver: trading at 27.74 day trading range will remain between 26.50-28.20, trend will remain sideways. Silver having very strong hurdle in range of 28.10-2820 stability needed above 28.20 to confirm intraday recovery that may take it to 28.40-28.70 zones. 29 will remain key resistance for the day. Immediate support seen at 27.65 failures will take it to 27.40 zones. Key support for short term will remain at 26.70 ...

Gold: currently trading at 1599.12, day trading between 1565-1620, trend is up, currently gold is attacking on key resistance of 1600 stability needed above this resistance to confirm intraday upside move that will take it 1608-1614-1620 for the day. Immediate support seen at 1682 failure will trigger a short term weakness in this metal and retest to key support 1565 can’t be ruled out. Important to watch 1601 stability above this level would trigger intraday bullishness. Silver: currently trading at 28.71 day trading range is expected to remain between 28-30, trend is up. Silver having immediate support at 28.50 failures may trigger intraday weakness and silver will try to move towards 28.20-27.80 for the day. Till trading above 28.50 bulls will remain in charge and this rally will remain continue till 29.30 zones for the day. 29.30-29.50 zones are very strong resistance zones for short term and further upside only possible above these zones otherwise selling expected from resi...

Gold: currently trading at 1547, day trading range will remain between 1520-5165, trend is down but lots of technical indicator reached in oversold territory that will trigger higher volatility for the day. Immediate resistance seen at 1552 recovery above 1552 would signal intraday rally till 1560-1565 zones, stability needed above 1565 to confirm a short term recovery and gold will try to head towards 1600-1620 zones in coming days. Immediate support seen at 1538 failure below 1538 may trigger intraday weakness and gold may try to taste 1530-1525 zones for the day but failure below 1520 will trigger more weakness and fall till 1498 can’t be ruled out. Stability above 1529 will remain supportive for bulls.  Silver: Currently trading at 27.54 day trading range is expected to remain between 26-28.10, trend will remain sideways. Immediate support seen at 27 failures below 27 may trigger intraday weakness and silver will try to taste 26.60-26.20 for the day otherwise it will try...

Gold: currently trading at 1534 day trading range will remain between 1520-1565, trend is down and but today 1520 will play important role for gold closing below 1520 would signal more down side and it may fall till 1500-1460 in coming days recovery possible from support area of 1520-1525 for the day. Immediate resistance seen at 1540 recovery above 1540 may take it to 1548-1555 for the day but 1565 will remain key resistance for the day. Silver: Silver trading at 27.44 day trading range will remain between 26-28.60 trend is down. Silver trading at key support of 27.30 further down side for the day only possible below 27.30 immediate resistance seen at 27.70 recovery above 27.70 will take it to 28.10-28.40 for the day but 28.60 will remain key resistance for the day. below 27.30 it will try to move towards 26.80-26.30 for the day.

Gold: currently trading at 1553.85, day trading range will remain between 1520-1586, trend is down. Currently gold is trading at key support of 1552 stability below this during the day may trigger more bearishness and gold will try to move towards 1545-1535 zones for the day. 1543 will be key support on daily closing basis and 2 consecutive closes below 1543 would signal more bearishness and it will try to taste 1525-22 zones stability below 1520 would signal midterm trend failure. Immediate resistance seen at 1565 stability above this level will take it 1578-152-84 zones but 1586 will remain key resistance for the day. Silver: currently trading at 28.05, day trading range will remain between 27.30-29.10, trend is down.  Immediate resistance seen at 28.25 stability above 28.25 will take it to 28.50-28.55 for the day but 29.10 will remain key resistance for short term. Stability needed above 29.10 to confirm recovery from current down trend other wise 27.40-26.30 can’t be rul...

Gold: currently trading at 1581.72,day trading range will remain between 1565-1603, short term trend is down. Immediate resistance seen at 1590 stability above 1590 will support intraday bulls and it will try to taste 1600 zones during the day. 1612 zones will remain key resistance for very short term. Immediate support seen at 1577 failure will take it to 1572-1565 for the day. Stability below 1579 on daily basis would signal more decline and gold will try to move towards 1554-1522 in coming days. Silver: Currently trading at 28.76 day trading range will remain between 27.30-29.50, trend is down. 28.50 levels is acting as very strong support for short term failure below this level would signal very short term decline that will take it to 27.40-26.30. Immediate resistance seen at 29.10 stability above 29.10 will take it to 29.45-29.90 for the day. Below 28.50 if manage to hold then down side till 27.40 levels can’t be ruled out for the day. 

Gold : currently trading at 1631.83 having strong support at 1624 stability below 1624 would signal short tern decline that will take it to 1614-1585 zones. trend is expected to remain weak day trading range is between 1610-1650 stability above 1650 needed to neglect these bearish expectations. Our outlook will remain bearish till gold trading below 1650 in short term but failure of 1624 needed to confirm a big down side in short term. Silver: trading at 29.72 below its critical support of 30.30 today expected trading range will remain between 28.50-30.50 stability above 30.50 during the day may neglect bearish expectations otherwise fall is expected to remain continue till trading  below 30.30. Stability above 30.40.30.50 zones for the day may take it to 31-31.40 but 31.45 will remain key resistance for the week. 

Gold:  Currently trading at 1638.59 day trading range will remain between 1624-1652, trend is down. Gold moving in a symmetric triangle and turned back from support line of triangle on Friday today failure below 1624 would signal symmetric triangle breakout that may take it to 1585-1575 zones in very short term. Intraday key resistance seen at 1652 stability above 1652 may attract short term bulls otherwise trend will remain down and 1624 will remain key support. Silver: Currently trading at 30.13 day trading range will remain between 29.60-31.50. Trend is down. Today important resistance to watch is 30.50 stability above 30.50 will support intraday bulls and it will try to head towards 31-31.40 but 31.50 will remain key resistance for short term. Immediate support seen at 29.90 breaks may take it to 29.60 for the day. Till silver closing below 31.50 short terms outlook will remain bearish and 28.60-26.30 are expected levels. 

On Feb 03, 2012 NIFTY broken out its down sloping trend line resistance of descending parallel channel and nicely rallied up to  5629.95 but was not able to breach its primary resistance that was 5690.35 (Green line) during that rally. On Friday nifty closed at 5086.85 at crucial support level. 5100-5080 zones are important to watch stability below 5080 would signal continuation of bear market and nifty may head towards 4950 that is 61.80% fib retracement of recent bullish swing. Weekly close below 4950 would signal failure in fresh bullish development and NIFTY may fall till 4850-4650 otherwise jump can’t be ruled out from 4950 zones. Supports: 5080- 4950-4656 Resistances: 5180-5380-5691 Recommendation: buying between 4930-4970 zones for targeting 5350-5650 with stop loss below 4850 on weekly closing basis might be appropriate. 

Gold: trading at 1649, day trading range will remain between 1624-1675, intraday trend is down. Immediate support seen at 1644. Failure below 1644 will take it to 1635-1632 zones but 1624 zones will remain key support for short term. In case of failure below 1624 on daily close basis fall till 1585-1525 can’t be ruled in short term. Intraday key resistance at 1658 stability above 1658 will take it to 1665-1672 zones for the day. Silver: currently trading at 30.46, day trading range will remain between 29.90-31.50, trend is bearish. Immediate support seen at 30.30 stability below 30.30 will take it to 30-29.90 zones for the day. Daily close below 30 would signal fall till 28.60-26.30 in short term. Immediate resistance seen at 30.70 stability above 30.70 may take it to 31-31.10 but stability needed above 31.50 to confirm further upside otherwise short term trend will remain down.

Gold: currently trading at 1659.52, day trading range is expected to remain between 1624-1685; trend is expected to remain sideways. Today important to watch is 1656 stability below this level would signal intraday decline till 1645 zones. Failure below 1644-45 zones is less likely in case of failure decline till 1635-1630 zones can’t be ruled out for the day. Intraday key resistance will remain at 1674 stability needed to move upwards till 1682-1688 zones for the day. Silver: currently trading at 30.89, day trading range is expected to remain between 29.90-31.50. Trend is bearish. Immediate support at 30.70 stability below this support may take it to 30.35-30 for the day. 30 is psychological support failure of this level will attract more sellers.  31.42 will remain key resistance for the day stability above 31.42 will take it to 32. 

Gold: currently trading at 1660.44 day trading range is expected to remain between 1640-1685; intraday trend is expected to remain sideways with bullish bias. 1650 looking good support stability below 1650 may trigger intraday weakness and gold will try to taste 1645-1635 for the day and 1624 will remain key support for short term. Intraday resistance seen at 1668 above this gold will try to move towards 1673-1680 zones but 1688 will remain key resistance for short term .gold is trading near crucial resistance of 1660 and we are looking at price behaviour near resistance line if today gold fails to hold above 1668 then sharp selling can’t be ruled out 1645-1635 will remain important to watch for the day. Silver: silver current price is 30.80 and trading below key support of 31 on daily chart. Day trading range will remain between 29.60-31.50; trend is expected to remain bearish in very short term. 31.50 is key resistance for now and till metal not manage to hold above this resis...

Gold: currently trading at 1655 day trading range will remain between 1624-1685, trend will remain sideways. Intraday important level to watch is 1660 stability above 1660 needed to confirm yesterday’s bullish move. Above 1660 if manage to hold then 1680-1685 can’t be ruled out for the day.  Intraday support at 1644 stability below this level will take it to 1638-1632 zones. 1624 will remain key support in short term and outlook will remain bullish till gold holding above this support. Silver: currently trading at 31.03, day trading range will remain between 30-32.30; trend is expected to remain sideways with negative bias. Intraday strong rest at 31.30 stability needed to move further upside immediate support seen at 30.70 stability below this may take it to 30.30-30 zones for the day. Above 31.30 if manage to hold then will try to move upwards till 31.90-32 but 32.30 will remain key resistance for very short term. 

Gold: currently trading at 1646.70, day trading range will remain between 1610-1660, intraday trend sideways with bullish bias. Immediate support at 1630 stability below 1630 would offer further weakness and gold may slide till 1624-1610 for the day. 1624 will remain key support on daily close basis and big fall only expected after closing below that support otherwise rebound can’t be ruled out. Immediate resistance at 1648 stability above 1648 would offer 1656-1672 for the day. Outlook will remain bullish till gold holding 1624 support on daily closing basis. Silver: currently trading at 30.70, day trading range will remain between 30-32. Intraday trend is expected to remain sideways with bullish bias. Silver having 30.30 is very strong support and closing required below this support on daily basis to confirm further down side otherwise silver may rebound from these levels. Daily stability below 30.30 would offer 28.60-26.30 in short term. Today key resistance will remain at 31...

Gold: currently trading at 1642.20, expected trading range for the day will remain between 1610-1660, intraday trend will remain sideways with positive bias. Metal holding above its strong support of 1624 and stability above 1624 suggesting positivity. Intraday support at 1630 break may take it to 1624 and more down side for the day, daily close below 1624 would signal further down side otherwise rebound can’t be ruled out from these levels. Key resistance for the day is 1648 stability above 1648 will take it to 1656-1672. Buying on decline would be good idea with stop of 1623. Silver: currently trading at 30.82 day trading range will remain between 30.30-32.00 intraday trend is expected to remain bearish. Immediate resistance seen at 31.10 stability above 31.10 may take it to 31.40-31.80 for the day. 32 will remain key resistance for the day. key support 30.30 and stability below 30.30 would signal a sharp decline in short term and silver may head towards 28.60-26.30 in coming ...

Gold : currently trading at 1635, day trading range will remain between 1600-1660, very short term trend is sideways with negative bias. Yesterday’s gold made low 1623 and nicely recovered from those levels.  1624 is acting as strong support as we were expecting in our gold short term trend analysis video. Today 1643-1648 zones will remain very strong resistance stability above these zones would confirm short term recovery in gold. Immediate support seen at 1624 daily close below 1624 will offer further negativity and gold will try to head towards 1585-1525 zones in coming days. till gold holding 1624 as support on daily close basis our outlook will bullish in gold. Silver: currently trading at 30.77, day trading range will remain between 30.30-32, very short term trend will remain bearish in silver. On daily chart silver trading near dead zone and stability below 30.30-30.40 zones would invite more bears and silver will try to head towards 28.60-26.30 in coming days.  ...

Gold on MCX struggling near descending resistance line of symmetric triangle at the same time 14 Period RSI moving above 50 with ascending support suggesting bulls are in action, breakout in expected direction may trigger a good bull move on MCX immediate resistances are 28815 and 28950 stability above these resistances would offer 29400 as primary resistance above that rally till 31000-31500 can’t be ruled out according this technical pattern. Recently short term SMA 20 crossed above SMA 55 is also supporting bullish view. Immediate support seen at 28300 failures below 28350 may neglect our bullish expectations. Stability above 28950 zones needed to confirm this bullish breakout entering in longs would be good idea during pullback after confirmation of this bullish breakout. Recommendation :  our outlook will remain neutral, and watching price action near resistance we will enter in longs during pullback after confirmation of breakout. Resistances : 28815-28950-29...

Gold: currently trading at 1640.35, day trading range will remain between 1620-1675, intraday trend expected to remain weak. Immediate resistance seen at 1643, stability above 1643 would offer intraday advance till 1652-1655 zones. 1657 will remain strong resistance for the day; break above 1657 is less likely but stability above 1657 would neglect our intraday bearish view on gold. Immediate support at 1628 stability below 1628 would signal intraday decline till 1614-1610 zones. 1608-1610 zones will remain key support zones for the day and failure below 1608 would offer a decline till 1585-1565 zones in near term. Silver: currently trading at 31.49, day trading range will remain between 30.80-32.60; trend is expected to remain weak for the day. Intraday key resistance seen at 32 stability above 32 may neglect our bearish view on silver. Immediate support seen at 31.30 failures below 31.30 will take it to 31-30.90 zones for the day.  30.90 are important to watch failure belo...

Gold: currently trading at 1652.73, day trading range will remain between 1628-1685; intraday trend is expected to remain sideways with bullish bias. 1653-1655 zones are important to watch stability above 1655 zones would signal intraday advance till 1670-1680 zones. Stability above 1685 zones would supply power to short term bulls and and gold will try to taste 1703-1724 zones in short term. Immediate support seen at 1648 failure will take it to 1640-1634 zones, 1628 will remain key support and stability below 1628 would signal resumption to bearish move. Silver: Currently trading at 31.80 day trading range will remain between 31-33.20; intraday trend will remain sideways with bullish bias. Immediate resistance seen at 31.90 stability above 31.90 would signal an advance till 32.15-32.60 and 33.20 will remain key resistance for very short term. Immediate support seen at 31.60 stability below 31.60 would take it to 31.30-31 areas for the day and 30.90 will remain key support for ...

Gold: Weekly : currently trading at 1551.05 weekly trading ranges will remain between 1560-1705, trend will remain down. Support at 1612 break below 1612 will open the doors for 1585-1565 zones for the week. Break above 1685 would supply some positive bias but major trend change possible only above 1705 other wise trends will remain down and gold may fall towards 1560-1520 zones during this downtrend. Intraday : day trading range will remain between 1628-1685, trend will remain down. Immediate support seen at 1648 stability below 1648 would signal intraday decline till 1635-1630 zones. Immediate resistance seen at 1658 cross above this resistance may take it to 1663-1665 zones. Selling on rise would be good trading strategy for the day and week and 1685 can be good stop loss for sellers for targeting 1615-1585. Silver: Weekly :  currently trading at 31.35 weekly trading ranges will remain between 30.30-33.20 trend is down. Major support for the week is 3...

Gold: currently trading at 1674.44 day trading range will remain between 1630-1705, very short term trend will remain up, and intraday resistance at 1685 stability will open the door for 1697-1703 zones.  Immediate support at 1662 stability below 1662 would offer 1653 zones as intraday support failure below 1650 may take it to 1644-134 for the day. 1630 will remain key support for short term. Silver: currently trading at 32.24, day trading range will remain between 30.80-33.30, very short term trend expected to remain up and silver is likely to taste 33.20 zones during this rally. Immediate support seen at 32.10 stability below 32.10 would take it to 31.60-31.30 for the day but 30.80 will remain key support for short term and till silver trading above this support it is likely to head towards 33.10 in short term. 

Gold: currently trading at 1658.36 day trading range will remain between 1630-1680; trend will remain up for intraday. Immediate support seen at 1650 failure will take it to 1644-1634 zones for the day. 1630 will remain key support, failure would signal negativity and gold will try to move towards 1618-1608 for the day. Major resistance for the day is 1666 stability above 1666 will take it to 1675-85 zones for the day. Silver: currently trading at 31.58 day trading range will remain between 30.80-32.20; trend will remain sideways with negative bias till trading below 32.20. Immediate support seen at 31.30 consolidations below 31.30 will take it to 30.90-30.30 zones for the day, till trading above 30.90 sideways move expected between 31-32.10 stability above 32.20 would signal 32.70-33.10 as primary targets for bulls. 33.30 will remain key resistance for this downtrend.