Bullion Intraday Road Map for Apr 13, 2012

Gold: currently trading at 1674.44 day trading range will remain between 1630-1705, very short term trend will remain up, and intraday resistance at 1685 stability will open the door for 1697-1703 zones. Immediate support at 1662 stability below 1662 would offer 1653 zones as intraday support failure below 1650 may take it to 1644-134 for the day. 1630 will remain key support for short term.

Silver: currently trading at 32.24, day trading range will remain between 30.80-33.30, very short term trend expected to remain up and silver is likely to taste 33.20 zones during this rally. Immediate support seen at 32.10 stability below 32.10 would take it to 31.60-31.30 for the day but 30.80 will remain key support for short term and till silver trading above this support it is likely to head towards 33.10 in short term.

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