Bullion Intraday Road Map for Mar 09, 2012

Gold: currently trading at 1706, day trading range will remain between 1680-1730, intraday trend will remain up. Immediate support seen at 1696 break would take it to 1692-1688 for the day. Resistance seen around 1710-13 zones consolidation above resistance area would signal intraday rise till 1725-27 zones. 1732 will remain key resistance.

Silver: currently trading at 34.05 day trading range will remain between 33.30-35.05, intraday trend will remain up. Immediate resistance seen at 34.20 above this level silver will try to taste 34.70-34.95 areas for the day. 35.05 will remain key resistance for the day. Support seen at 33.60 breaks will take it to 33.30-33.10 area. But 33 will remain key support for the day failure may create panic in otherwise silver will remain safe for buyers, reversal may occur around 35 zones.

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