Bullion Intraday Road Map for Mar 02, 2012

Gold: currently trading at 1719.41, day trading range will remain between 1660-1760; trend is sideways with negative bias. Gold having very strong resistance at 1732 consolidation above 1732 will take it to 1742-55 zones. But 1760-63 zones will remain key resistance for the day. Immediate support seen at 1713 below this gold will try to taste 1700-1695. This swing is open for 1665-60 till trading below 1763 for short term.

Silver: currently trading at 35.25, day trading range will remain between 34.40-36.00, trend will remain down. Immediate resistance at 35.75 break would take it to 35.95-36 consolidation above 36 would take it to 36.50 and 37 and 37.40 will remain key resistance for short term. Support seen at 35 break will take it to 34.70-34.50 and 33.90 will remain key support for short term and failure below 33.90 would signal short term consolidation between 32-36.

Selling on rise would be good idea for bullish try to sell near our said key resistances for safe trading.

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LET THE MARKET TELL WHO WE ARE

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