Gold: closed at 30214, day trading range 29950-30370, trend sideways
with bearish bias. Today 30270 will remain intraday trend decider above that if
manage to hold then gold will try to head towards 30340-30440 zones. Above
30440 if manage to hold then it will open doors for 30600-31000 in short term. Stability
below 30270 will be supportive for intraday bears and likely to taste
30120-30000. It is likely to take minor support around 29970-980 zones if
manage to break that support then intraday decline till 29880-850 zones can’t
be ruled out.
Silver: closed at 54465, day trading range 53600-55300,
trend down. Yesterday silver was attacking key resistance of 55300 but was not
able to break that level and nice decline seen from resistance area. Today trend decider level will be 54650
stability above this level may trigger intraday recovery and silver will try to
head towards 55000-55200 zones, stability above 55250-300 will take it to
55500-55900 for the day. Support seen at 54250 failures will take it to
53950-53700 zones. 53700 will remain key support on daily closing basis.
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