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Bullion Intraday Road Map for Dec 08, 2011

Gold:  currently trading at 1738 day trading range will remain between 1700-1765. Trend will remain sideways s with bullish bios. Immediate support seen at 1735 break would take it to 1726-1718 but 1718 is looking important level to watch break below 1718 gold will open the door for 1700 levels. Immediate resistance seen at 1744 break above 1744 would signal an upward trend 1755-1762. 1755 on 240 minute chart will remain important level to watch for bulls 240 minutes closing above 1755 would signal upward trend till 1780.
Recommendation: buying above 1743.50 with stop loss below 1734 for targeting 1756-1762 and above 1762 trader can look for 1780-85 zones also.

Silver: currently trading at 32.55 day trading range will remain between 31.58-33.60. Silver having very stiff resistance at 32.85 zones above that it would signal an upward move till 33.303-33.50 area. If silver manage to hold above 33.55 zones then it would signal a short term bullish trend up to 35-35.20 in coming days. 32.20 will remain important support for the day break would signal down side move till 31.90-31.60 if manage to break 31.58 then fall till 31-30.50 areas can’t be ruled out.
Recommendation: our yesterday’s recommendation will remain valid till it is not breaking said support areas. 
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Dinesh said…
jai mata
bro.have a nice day
December 8, 2011 at 10:28 AM
Dinesh said…
jai mata
bro.have a nice day
December 8, 2011 at 10:28 AM
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