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Friday, February 10, 2012

Feb 10 2012 estimation

Gold
What a day... yesterday was....lot of up and downs in the gold .... In NYSE gold had a good trading session. It hit the highest point of  $1754.1, Low of 1725.1 which was near to S1 given yesterday and manages to close at 1729.10. Today we can expect lot of up and downs. At present 5.30AM (NY Time), it is trading very weak. As per my calculations i am giving the support and resistance levels..
R1:  1747.10
R2:  1765.10
S1:  1718.20
S2:  1707.00
Silver
In NYSE silver had a good trading session too. It hit the highest point of  $34.55 which is near to R1 suggested yesterday, Low of 33.68 near to S1 given yesterday and manages to close at 33.90. That was some what good sign. Today we can expect lot of up and downs. At present 5.30AM (NY Time), it is trading weak. As per my calculations i am giving the support and resistance levels..
R1:  34.40
R2:  35.00
S1:  33.54
S2:  33.18

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