23 January 2018

PRECIOUS METALS UP AS DOLLAR SLIPS AFTER U.S. GOVERNMENT SHUTDOWN


BUY GOLD ABOVE 29850 TGT 29950/30050 SL 29700
Precious metals prices nudged higher on Monday as the dollar wallowed near three-year lows following a U.S. government shutdown, although bullishness in the wider financial markets capped the precious metals’ gains. However, keeping a lid on gold’s gains, U.S. Treasury yields rose as investors saw limited economic fallout from the standoff in Washington and instead focused on a global economy motoring ahead. Rising yields tend to weigh on gold by increasing the opportunity cost of holding non-yielding bullion. They also tend to boost the dollar, making dollar-priced gold costlier for non-U.S. investors. Technically, Gold has been in the overbought territory for a while now and a correction is expected in the days to come

Gold: MCX Gold prices traded higher for the day; where it has formed Higher highs and higher lows formation. On the weekly chart, MCX Gold has formed “Symmetrical Triangle” pattern; where price has been trading near the immediate resistance zone. On the other hand, COMEX Gold has shown positive momentum for the day after giving a correction in

22 January 2018

COMMODITY TRADING TIPS FOR 22-23 JAN 2018

BUY GOLD ABOVE 29850 TGT 29950/30050 SL 29700
BUY SILVER ABOVE 39100 TGT 39250/39350 SL 38800 
Gold: Gold trading range for the day is 29950-29600. Gold is getting support at 29700 and below same could see a test of 29600 level, And resistance is now likely to be seen at 29850, a move above could see prices testing 29950. Gold is trading into SIDEWAYS zone and traders can hold long positions until Gold closes below 29700 levels. below  29700  levels could see price testing 29600.
           
R2
R1
S1
S2
TREND
GOLD
29950
29850
29700
29600
BULLISH
Silver: Silver trading range for the day is 39250-38600. Technically Silver is getting

19 January 2018

WEEKLY TRADING TIPS FOR 22-25 JAN 2018


Gold: Gold trading range for the day is 29900-29400. Gold is getting support at 29570 and below same could see a test of 29400 level, And resistance is now likely to be seen at 29770, a move above could see prices testing 29900. Gold is trading into SIDEWAYS zone and traders can hold long positions until Gold closes below 29570 levels. below  29570  levels could see price testing 29400.
           
R2
R1
S1
S2
TREND
GOLD
29900
29770
29570
29400
BULLISH
Silver: Silver trading range for the day is 39600-38500. Technically Silver is getting

18 January 2018

COMMODITY TRADING TIPS FOR 18-19 JAN 2018

YESTERDAY'S CALL UPDATE:
GOLD HIT  TGT 29600 MADE HIGH OF 29550!!!

Gold: Gold trading range for the day is 29800-29400. Gold is getting support at 29550 and below same could see a test of 29400 level, And resistance is now likely to be seen at 29670, a move above could see prices testing 29800. Gold is trading into SIDEWAYS zone and traders can hold long positions until Gold closes below 29550 levels. below  29550  levels could see price testing 29800.
           
R2
R1
S1
S2
TREND
GOLD
29800
29670
29550
29400
BULLISH
Silver: Silver trading range for the day is 39400-38700. Technically Silver is getting

17 January 2018

COMMODITY TRADING TIPS FOR 16-17 JAN 2018


Gold: Gold trading range for the day is 29990-29600. Gold is getting support at 29730 and below same could see a test of 29600 level, And resistance is now likely to be seen at 29830, a move above could see prices testing 29900,29950. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29700 levels. Traders can initiate long  positions on every dips until Gold closes below  29700  levels.
           
R2
R1
S1
S2
TREND
GOLD
29990
29830
29700
29600
BULLISH
Silver: Silver trading range for the day is 39800-38800. Technically Silver is getting

16 January 2018

COMMODITY TRADING TIPS FOR 16-17 JAN 2018

YESTERDAY'S CALL UPDATE:
GOLD HIT  TGT 29750 MADE HIGH OF 29850!!!
SILVER NEAR TGT 39700 MADE HIGH OF 39693
Gold: Gold trading range for the day is 29990-29600. Gold is getting support at 29740 and below same could see a test of 29600 level, And resistance is now likely to be seen at 29850, a move above could see prices testing 29900,29950. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29700 levels. Traders can initiate long  positions on every dips until Gold closes below  29700  levels.
           
R2
R1
S1
S2
TREND
GOLD
29990
29850
29700
29600
BULLISH
Silver: Silver trading range for the day is 40200-38300. Technically Silver is getting

15 January 2018

COMMODITY TRADING TIPS FOR 15-16 JAN 2018

weekly CALL UPDATE:
GOLD HIT  TGT 29650 MADE HIGH OF 29749!!!
SILVER NEAR TGT 39500 MADE HIGH OF 39660 
Gold: Gold trading range for the day is 29900-29400. Gold is getting support at 29600 and below same could see a test of 29400 level, And resistance is now likely to be seen at 29750, a move above could see prices testing 29850,29900. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29600 levels. Traders can initiate long  positions on every dips until Gold closes below  29600  levels.
           
R2
R1
S1
S2
TREND
GOLD
29900
29750
29600
29400
BULLISH
Silver: Silver trading range for the day is 40200-39000. Technically Silver is getting