Bullion Intraday Road Map for Mar 06, 2012

Gold COMEX: currently trading at 1703, day trading range will remain between 1650-1730, trend down. Immediate resistance placed at 1710 consolidation above 1710 would take it to 1720-1727 area but 1732-35 zones will remain key resistance for the day very short term trend change possible after consolidation above 1735 area otherwise trend will remain down, immediate support at 1692 and gold is likely to taste 1685-1665 zones.

Silver COMEX: currently trading at 33.88 day trading range will remain between 32.50-34.90 trend is down. Immediate resistance at 34.20 above 34.20 it will try to taste 34.70-34.90 area 34.90 will remain key resistance for day, consolidation above 34.90 would signal 35.60 and more as target area. Support seen at 33.40 break will take it to 32.90-32.50 for the day.

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