Gold: currently trading at 1652.15, day trading range will
remain between 1630-1682 trend will remain sideways with negative bias. Immediate
resistance seen at 1658 till gold trading below 1658 likely to taste 1640-1634
for the day, 1633 will remain key support consolidation below this will take it
to 1624-1616 for the day. 1658 above gold will try to taste 1668-1675 area but
1678-82 zones will remain very strong resistances and further upside it will
confirm only above 1682.
Silver: currently trading at 32.14 day trading range will
remain between 30.50-33.10; trend will remain sideways with negative bias. Immediate
resistance seen at 32.50 above this silver will try to taste 32.90-33 zones. But
33.10 will remain key resistance consolidation above 33.10 would signal short
term recovery in silver. Key support seen at 31.50 failures will take it to
31-30.50 zones.
Comments