Gold: currently trading at 1643, day trading range will
remain between 1580-1665, intraday trend is down. Yesterday sharp decline seen
from expected resistance zones of 1685 and gold dropped nicely and broken near
term support of 1644. Now it has turned in to bearish zone for short term
1638-1624 is minor supports overall this bearish swing will remain open till
1610-1585. Intraday major resistance at 1666 sustainability above that will neglect
bearish view.
Silver: currently trading at 32.29, day trading range will remain
between 31.80-33.20; intraday trend will remain sideways with negative bias. Intraday
resistance at 32.75 sustainability above 32.75 will take it to 33-33.20 but 33.20
will remain key resistance and silver must sustain above that level to move
further upside. Intraday support at 31.90 consolidations below 31.90 will take
it to 31.60-31 for the day.
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