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Monday, February 6, 2012

Feb 06 2012 estimation

Gold
What a day... that is on Friday.... Lot of good news for dollar.... In NYSE gold had a bad session. It hit the highest point of  $1763.3 which was our first resistance level, Low of 1722.8 and manages to close at 1725.90 which was well below the S2. That was a bad sign. Today we can expect lot of up and downs. As per my calculations i am giving the support and resistance levels..
R1:  1752.00
R2:  1777.60
S1:  1711.20
S2:  1696.80

Silver
In NYSE silver had a bad session. It hit the highest point of  $34.49 which was near to our first resistance level, Low of 33.23 which was very near to our S2  and manages to close at 33.67 which was between S1 and S2. That was some what good sign. Today we can expect lot of up and downs. As per my calculations i am giving the support and resistance levels..
R1:  34.36
R2:  35.06
S1:  33.10
S2:  32.55
























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