Gold: currently trading at 1657 expected day trading range
will remain between 1640-1685. Intraday trend will remain up till trading above
1640 immediate resistance seen at 1666 breakout above 1666 would signal a rally
till 1674-1684. Immediate support 1640 break is less likely, but break would
signal down side till 1628-1618 for the day.
Silver: currently trading at 30.21 day trading range will
remain between 29.40-30.80. Immediate resistance 30.30 above that retest of
30.60-31 zones can’t be ruled out and we need a close above 30.80 for further upside
that will take it to 32.20-32.70 in near term. Major support will remain at
29.40 break is less likely, down side possible only below that level otherwise
silver short term trend will remain up.
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