Gold
Support at 29240 and Resistance at 29450---29580
Break and sustain + close below 29240 will take to 29080---29020 and then to 28850 mark else it could test its resistance level of 29450---29580 again
Further upside rally will see only close above 29580 mark
Traders can trade with levels only
Silver
Support at 38950 and Resistance at 39300---39450
Break and sustain below 38950 will take to 38500---38250 again. 38250---38000 act as major support. Three consecutive closes + weekly close below 38000 will see free fall in Silver else it could test its resistance level of 39300---39450 again
Further upside rally will see only close above 39450 mark
Trade with levels only
Copper
Support at 308---305.50 and Resistance at 315---318
Two consecutive closes below 305.50 will take to 294---289 mark else it could test its resistance level of 315---318 gain
Further upside rally will see only weekly close above 318 mark
Traders can trade with levels only
Nickel
Support at 576 and Resistance at 586
Close below 576 will take to 568---563 and then to 555 mark. More and more downside panic will see only close below 555 mark else it could test its resistance level of 586 again
Two consecutive closes above 586 will take to 593---598 and then to 610 mark
Traders can trade with levels only
More will update soon...
