Gold: currently trading at 1677, day trading range will
remain between 1640-1710, trend is down. 1665 is strong support area in gold
and nicely jumped from expected support. Today we can use 1663 as potential support
for rise till 1683-1690 important resistance seen at 1695 consolidation above
1695 will take it to 1714-1726 areas. Immediate
support seen at 1670 failure will take it to 1664-1656-1646 for the day.
Silver: currently trading at 32.88 day trading range will
remain between 32.40-34.20, trend is down. 33.06 looking very strong resistance
for the day a consolidation above 33.06 will take It to 33.50-33.85 for the day
and 34.20 will remain key resistance and daily close above 34.20 would signal a
short term recovery in silver. Immediate support seen at 32.68 break will take
it to 32.45 consolidation below 32.40 will invite more sellers and silver my
try to taste 31.80-31.40 for the day.
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