Feb 24 2012 Gold and Silver Resistance and Support levels

Gold

Small up move in the gold .... In NYSE gold had a good trading session. It hit the highest point of  $1789.10 Low of 1771.9 and manages to close at 1780.10. Today we can expect good up move. As per my calculations i am giving the support and resistance levels..

R1:  1788.50

R2:  1797.90

S1:  1771.30

S2:  1763.60

Silver

In NYSE silver had a good trading session. It hit the highest point of  $35.73 and Low of 34.47 and manages to close at 35.37 That was some what good sign. As per my calculations i am giving the support and resistance levels..

R1:  35.95

R2:  36.50

S1:  34.65

S2:  33.90