Feb 29 2012 Gold and Silver Resistance and Support levels

Gold

Super run in the gold .... In NYSE gold had a good session. It hit the highest point of  $1792.40 Low of 1775.6 and manages to close at 1783.90. Today we can expect good up move. As per my calculations i am giving the support and resistance levels..

R1:  1792.50

R2:  1800.90

S1:  1775.30

S2:  1767.60

Silver

In NYSE silver had a good session. It hit the highest point of  $37.34 and Low of 35.87 and manages to close at 36.93 That was good sign. As per my calculations i am giving the support and resistance levels..

R1:  37.60

R2:  38.15

S1:  36.09

S2:  35.24