As expected... We have seen range bound trading in bullion,
base metal and energy from last two trading sessions and we will expect
volatile move in evening sessions and tomorrows session as all eye on FOMC meet
which is schedule on late Thursday. So traders can trade in a range with levels
only and wait for confirmation.
Have a look on it!!
Gold
Support at 25900 and Resistance at 26080
Decisive break and sustain above 26080 will take to
26200---26300 and then to 26450+ mark in days to come else it could test its
support level of 25900 mark
Close below 25900 will see further panic till 25700---25550
mark
Trade with levels only
Silver
Not able to breach its support level of 34450 and bounced
back again to 35047
Now what to expect???
Support at 34400 and Resistance at 35050---35300
Below 34850... it could test 34550---34400. Two consecutive
closes below 34400 will see free fall in Silver till 33700---33000 mark
Above 35050.. it could test 35200----35300 and then to
35900---36300 mark
Trade with levels only.
More will update soon!!
