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Bullion Road map for Nov 24, 2011


Gold: currently trading at 1691.03, day trading range will remain between 1660-1715. Trend will remain down for very short term time frame. Immediate resistance seen at 1702 above this intraday reversal possible tills 1710-1714 area, 1727 will remain very crucial resistance for this week. Till gold trading below 1715 during this week its likely to taste 1640-1632 range. Immediate support seen at 1683 below these next important levels is 1675-1663 below 1663 next important level at 1632. Intraday important level to watch is 1702 till gold trading below this it’s looking weak for the day.

Silver:  currently trading at 31.65 intraday trading ranges will remain between 30.50-32.60. Trend will remain week and immediate resistance seen at 32.10 above that rally my take it to 33-33.60 till trading below 32.10 silver looking weak and try to taste 31, 31 is important support a failure below 31 will take it to 29.60 and more down side. Important level to watch for the day are 30.70 failure below this level with volumes can kill all bulls for short term. 
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