Gold: currently trading at 1739, day trading range will
remain between 1710-1760, trend up and this swing is open for 1760 zones. Yesterday
nice selling pressure seen on upper band as we were expecting and gold made
1726 as day low during fall. Immediate resistance seen at 1742 breakout would
take it to 1747-1755 zones. Immediate support seen at 1733 break would signal
intraday fall till 1726-1717-1711. Key support will remain at 1700 for this
week.
Silver: currently trading at 33.22 day trading range will
remain between 32.70-34, very short term trends down. Immediate resistance seen
at 33.30 breaks above would signal intraday rise till 33.50-34 but 34 will
remain key resistance and silver is likely to taste 32.50 zones before further
upside. Immediate support seen at 33.10 break would signal retest to
32.80-32.40 zones for the day.
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