Feb 08 2012 estimation

Gold

What a day... yesterday was....bulls take over the gold .... In NYSE gold had a good session. It hit the highest point of  $1751.1, Low of 1713.6 and manages to close at 1744.90. Today we can expect lot of up and downs. As per my calculations i am giving the support and resistance levels..

R1:  1759.50

R2:  1774.10

S1:  1722.20

S2:  1699.00

Silver

In NYSE silver had a good session too. It hit the highest point of  $34.47, Low of 33.22 and manages to close at 34.15. 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:  34.67

R2:  35.20

S1:  33.42

S2:  32.70