Gold: currently trading at 1728, weekly trading range will
remain between 1640-1805 with positive bias. Day trading range will remain
between 1710-1755 with sideways momentum. Immediate resistance seen at 1736
consolidation above 1736 would signal intraday incline till key resistance
level of 1755 for the day. Immediate support seen at 1720 failure would signal
failure in intraday swing and it will try to taste 1712-1705 zones during the
day. 1702 will remain key support failure would confirm 1686-1668 zones for
this corrective phase.
Silver: currently trading at 33.77, weekly trading range
will remain between 31.30-35.70 with positive bias. Intraday trading range will
remain between 32.90-34.50 trend will remain sideways for the day. Immediate
resistance seen at 34.07 if manage to hold above 34.07 then retest to
34.40-34.50 zones can’t be ruled out but for further upside we need
consolidation above 34.50 zones that will open trading range for 35.20-35.70 in
very short term. 35.70 will remain key resistance for this bull move. Immediate
support seen at 33.68 break will take it to 33.30 zones but key support for the
day will remain at 32.90 further down side till 31.50 would confirm below 32.90
otherwise consolidation expected between 32.90-34.40 with positive bias for the
week.
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