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Tuesday, February 28, 2012

Feb 28 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  $1769.30 Low of 1765.4 and manages to close at 1768.10. Today we can expect good up move. As per my calculations i am giving the support and resistance levels..
R1:  1769.50
R2:  1771.90
S1:  1765.30
S2:  1763.60
Silver
In NYSE silver had a good trading session. It hit the highest point of  $35.58 which R1 given yesterday and Low of 35.26 which is S1 given yesterday and manages to close at 35.46 That was some what good sign. As per my calculations i am giving the support and resistance levels..
R1:  35.60
R2:  35.75
S1:  35.29
S2:  35.11

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