Feb 16 2012 Gold and Silver Resistance and Support levels

Gold

Good up and downs in the gold .... In NYSE gold had a good trading session. It hit the highest point of  $1738.4 which was R2 given yesterday, Low of 1719.7 and manages to close at 1728.10. Today we can expect lot of up and downs. As per my calculations i am giving the support and resistance levels..

R1:  1737.50

R2:  1747.90

S1:  1719.30

S2:  1710.00

Silver

In NYSE silver had a good trading session too. It hit the highest point of  $34.09 which was near to R1 given yesterday and Low of 33.02 and manages to close at 33.50. 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:  34.05

R2:  34.60

S1:  33.00

S2:  32.50