Bullion Intraday Road Map for Feb 08, 2012

Gold: current price is 1746 day trading range will remain between 1710-1765, trend up. Immediate support seen at 1738 failure below 1738 will take it to 1734-1728 for the day. 1715 will remain key support for the day, failure below 1715 would signal failure in fresh bullish swing. Resistance seen at 1763 a close above 1763 on 240 minute closing basis would offer 1795-1805 zones as target for this bullish swing.

Silver: current price is 34.10 trading range will remain between 33-35.20 trend is up, immediate support seen at 33.80 break below this is less likely, if manage to break 33.80 then 33.50-33.10 will be next destination 32.90 will remain key support for this swing. Major resistance seen at 34.40 break above 34.40 would offer 35.20-35.70 zones as target.

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