Gold: closed at 29835, trading range 29600-30050, trend is sideways
with bullish bias. Today 29870 will remain important to watch stability above
29870 may take it to 29950-30050 zones. Short term key resistance will remain
at 30200. Stability below 29870 may trigger profit booking and it may taste 29770-670
zones, below 29650 it may taste 29570-530 zones. 29450 will remain key support for short term.
Silver: closed at 53453, trading range 5200-54000, trend is sideways
with bullish bias. Today 53250 will remain important to watch stability above
this level will trigger further bullishness and silver may taste 53550-53800. Key
resistance will remain at 54500 for short term. Stability below 53250 will take
it to 53050-52900 but 52850-52800 zones are looking good support zones and jump
can’t be ruled out. Failure below 52800 may take it to 52600-52400 key support
will remain at 52200.
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