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Bullion Intraday Road Map for Jan 6, 2012


Gold: currently trading at 1625.25 expected day trading range will remain between 1590-1645. Immediate resistances at 1628 break would signal a retest of 1640-45 zones as I have already written in my previous posts that recovery from 1522 suggesting a primary rally till 1640. Immediate support seen at 1615 break would signal 1605-1598 for intraday. 1590 will remain key support for very short term. Trend will remain up.

Silver: last traded price is 29.24 expected day trading range will remain between 28.40-30. Immediate support seen at 29.10 breaks would signal retest to 28.80-28.70 zones. key support will remain at 28.40 for the day. Immediate resistance seen at 29.50 breach above that would signal an advance till 29.70-30.20 during the day. 30.80 would remain key resistance for very short term. Trend will remain sideways..
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