Gold
-
Support
– 28997.00, 28677.00, 28141.00
Resistance
- 29853.00 , 30389.00, 30709.00
Silver
-
Support
– 53370.00, 52650.00, 51460.00
Resistance
– 55280.00, 56470.00, 57190.00
Gold
Tips –
Buy Gold on dips around 29,800-29,750/10gms with Stop Loss below
29,600/10gm and targets of around 30,200-30,300/10gms.
Silver
Tips –
Experts believe that Silver prices are expected to move down and
touch levels around 54,300/kg and anytime rise in price between
55,600 and 55,700/kg should be used as selling with stop loss of
56,300/kg for downside target of 54,700/kg and below that 54,300/kg.
Gold
prices
slid more than 1% on Friday, extending losses from the previous
session when US central bank chief Ben Bernanke disappointed
investors by giving few hints on imminent monetary stimulus. Spot
gold
dropped
as low as USD 1,561.44 an ounce, its least in a week, and traded at
USD 1,566.29 by 0229 GMT. US gold futures contract for August
delivery fell 1.2% to USD 1,568.30.
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