Bullion Intraday Road Map for Jan 3, 2012

Gold: last traded price 1578.47 intraday trading ranges will remain between 1560-1600. Immediate resistance seen at 1582 a cross above this level would signal intraday rally up to 1592. 1592-95 zones are key resistance zones for gold cross above these zones would an advance till 1620-1640 in very short term. Key support will remain at 1560 break would signal down side till 1538-1532, trend will remain bullish for very short term for expected targets 1620-1640

Silver: last traded price 28.15 trading range will remain between 27.50-28.70. Trend will remain bullish over short term and silver is likely to taste 29.70-30 in very short term. Immediate resistance seen at 28.50 above 28.50 it would signal intraday advance till 29-29.70 key resistance will remain at 30.20 further upside only possible above 30.20 on closing basis. Immediate key support seen at 27.50 breaks would signal an intraday down side till 27.10-27 and 26.60 will remain key support for short term.

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