Gold: currently trading at 1664.89, trend sideways, trading
range will remain between 1640-1685. Gold was not able to cross resistance area
and nice selling pressure seen as written yesterday. Immediate support seen at
1660 break would signal intraday down side that may take it to 1645 failure
below 1640 area will take it to 1625-1620 zones. Immediate resistance seen at
1672 above 1672 retest of 1677-80 range is possible. Key resistance seen at
1685further upside for this swing is possible only that area otherwise we are
expecting a correction till 1645-1625 zones.
Silver: currently trading at 32.15, trend will remain
sideways with positive bios; day trading range will remain between 30.70-33.
Immediate support seen at 31.70 breach of this support would signal a 31-30.80
for the day. Immediate resistance seen at 32.50 a breakout above this level
will take it to 32.75-32.80 zones. But major resistance at 32.80 if manage to
hold above 32.80 then intraday rally till 33.50-33.80 can’t be ruled out.
If having any query regarding market then feel free to write me at sunirathi@hotmail.com
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