Gold: currently trading at 1659.52, day trading range is
expected to remain between 1624-1685; trend is expected to remain sideways. Today
important to watch is 1656 stability below this level would signal intraday
decline till 1645 zones. Failure below 1644-45 zones is less likely in case of
failure decline till 1635-1630 zones can’t be ruled out for the day. Intraday
key resistance will remain at 1674 stability needed to move upwards till
1682-1688 zones for the day.
Silver: currently trading at 30.89, day trading range is
expected to remain between 29.90-31.50. Trend is bearish. Immediate support at
30.70 stability below this support may take it to 30.35-30 for the day. 30 is psychological
support failure of this level will attract more sellers. 31.42 will remain key resistance for the day
stability above 31.42 will take it to 32.
Comments