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Bullion Intraday Road Map for Apr 03, 2012


Gold: currently trading at 1679.87, day trading range will remain between 1660-1703 trend will remain up. Immediate support seen at 1674 failure below 1674 may take it to 1668-164 for the day. But 1660 will remain key support for the day. Resistance seen at 1686 sustainability above 1686 will open the doors for 1696-1708 during today’s trading session.

Silver:  currently trading at 33.02, day trading range will remain between 32-34.40 intraday trend will remain up.  Metal trading near its important resistance of 33.20 sustainability above would signal neckline breakout of reversal pattern that has been appeared on silver 240 minute chart and would offer 34.30 as targets. Intraday minor support at 32.37 and 32 major support will remain at 31.50 resistances are 33.70-34.40 but 34.40 will act as very strong hurdle. 
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