Gold: closed at 29568, trading range 29300-29850, trend is sideways
with bullish bias. Today 29510 will remain trend decider, stability above this
level will remain supportive for bulls and it will try to hit 29640-650 zones.
29650 can act as resistance zones, stability above 29650 will take it to 29760
and more. Failure below 29510 may take
it to 29475 but 29470-460 zones are good support failure will call for retest
of 29400-380 zones.
Silver: closed at 52828,
trading range 52200-53600, trend is sideways. 52800 will remain trend decider
for the day, stability below 52800 will remain supportive for bears and silver
may hit 52600-52350 but 52200 will remain key support for short term. Stability
above 52800 will call for 53050-53100 stability above 53100 will take it to
53250-53500. Silver is not closing above 53100 on daily basis, closing above
53100 may trigger 1500-2000 points upside in silver.
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