Gold: currently trading at 1724.91day trading range will
remain between 1700-1755, very short term trend will remain sideways with
positive bias. Yesterday nice bounce seen from important support zones of 1710
that is suggesting 1708-1710 zones as very strong support areas. Immediate resistance
seen at 1728 break would signal continuation in current swing that will take it
to 1733-1739 zones for the day. Intraday reversal may take place around
1738-1742 zones. Immediate support seen around 1718-20 break would take it to
1712-1710 zones. 1710 will play an important role for intraday.
Silver: currently trading at 33.64 day trading range will
remain between 32.90-34 very short term trend is sideways. Immediate support
seen at 33.58 and important resistance at 33.90 break below 33.58 may take it
to 33.30-33.05 for the day. a cross and consolidation above 33.85 would signal
intraday recover that will take it to 34.05-34.40 area. Key resistance for the
week will remain at 34.65 till silver trading below 34.65 zones it is likely to
taste 32.40-31.50 areas.
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