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Intraday Road Map for bullion Nov 09, 2011


Gold: currently trading at 1791.76, day trading range between 1740-1840. Immediate resistance seen around 1805, below 1805 very short term trend will remain sideways. We will see consolidation between 1760-1805. Above 1805 rally will extend till 1819-1840 for the day. 1780 will remain key support for the day below 1780 it will try to taste 1760-1745 zones for the day.
Possible trade: Selling around 1790-95 for targeting 1766-1746 stop loss with 1805.

Silver:  currently trading at 35.12, day trading range will be 34.40-35.90. Intraday trend will remain bullish. Immediate support seen at 34.70 below 34.70 it will try to taste 34.40 and 34.40 is the major support for the day below 34.40 further down side possible otherwise silver will remain open for  resistance area 35.40-35.90 for the day. Immediate resistance seen at 35.40 above this 35.90 possible for the day.

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