GOLDmcxAPR(m)
Technical Levels | |
R3 | 21500/21900 |
R2 | 21275/21350 |
R1 | 21120/190 |
Pivot | 21060 |
S1 | 20960 |
S2 | 20880/810/770 |
S3 | 20600/20400 |
Technical Commentary:
Intraday moves likely for a dip towards 20980 initially, but inability to break the same may consolidate and trigger pullback rallies till 21120 later. We favour strong upside rallies only a close above the strong upside 21190-200 regions. Unexpected falls below 20960 may be weak signal and drag prices lower towards 20930/880/700 in near term.
Trends:
Intraday--> Consolidate
Near Term--> Up
SILVERmcxAPR(m)
Technical Levels | |
R3 | 60000 |
R2 | 57000 |
R1 | 55000/55300 |
Pivot | 53990 |
S1 | 53200/53000 |
S2 | 52800/52400 |
S3 | 51500/51000 |
Technical Commentary:
Even the broad trend looks for 55000/57000, prices have been stuck inside a range of 53150-54800 regions for the last few days. For the day we favour range bound with negative bias trading, but breakout of any of the range would give a sustainable direction later. Break out objectives below 53100 seen at 52900/51500.
Trends:
Intraday--> Down
Near Term--> Up
