Gold: currently trading at 1748.20 day trading range will
remain between 1710-1770 having stiff resistance in 1752-1753 zones break above
1753 would take it to 1760-1765 during the day. this rally is open for
1750-1805 but some technical indicators showing overbought reading on daily
chart, that are suggesting reversal is likely from upper levels so it’s time to
be careful. Immediate support seen at 1739 break would signal 1733-1727-1717
for day. 1700 will remain key support for this week.
Silver: currently trading at 33.74, day trading range will
remain between 32.70-34.20, trend up. Silver having stiff resistance around 34
if manage to hold above this then rally will continue remain continue for
35.20-35.70 zones. Immediate support seen at 33.45 breaks would signal decline
till 33.20-32.95 and 32.70 will remain key support below 32.70 silver may
decline till 32-31.50 zones.
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