Feb 27 2012 Gold and Silver Resistance and Support levels

Gold

Small up and downs in the gold .... In NYSE gold had a good trading session. It hit the highest point of  $1779.30 Low of 1769.2 and manages to close at 1773.60. Today we can expect good up move. As per my calculations i am giving the support and resistance levels..

R1:  1778.50

R2:  1784.90

S1:  1768.30

S2:  1763.60

Silver

In NYSE silver had a good trading session. It hit the highest point of  $35.56 and Low of 35.16 and manages to close at 35.41 That was some what good sign. As per my calculations i am giving the support and resistance levels..

R1:  35.59

R2:  35.77

S1:  35.20

S2:  34.90