Gold : currently trading at 1631.83 having strong support
at 1624 stability below 1624 would signal short tern decline that will take it
to 1614-1585 zones. trend is expected to remain weak day trading range is
between 1610-1650 stability above 1650 needed to neglect these bearish
expectations. Our outlook will remain bearish till gold trading below 1650 in
short term but failure of 1624 needed to confirm a big down side in short term.
Silver: trading at 29.72 below its critical support of 30.30
today expected trading range will remain between 28.50-30.50 stability above
30.50 during the day may neglect bearish expectations otherwise fall is
expected to remain continue till trading below 30.30. Stability above 30.40.30.50 zones
for the day may take it to 31-31.40 but 31.45 will remain key resistance for
the week.
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