26 August 2016

BULLION OUTLOOK FOR NEXT WEEK 29 AUG -02 SEP

BUY SILVER OCT @ 44000 SL 44200 TGT 44500-44600
Gold:  Oct. Gold prices moved lower towards the lower end of its trading range around 31020 levels yesterday. Sustenance below 30950 will trigger a range breakdown. Prices will correct towards 30738/30669 levels in that case. Pullback rallies will face resistance 31156—31200 zones.
Outlook: We expect gold prices to trade positive .
           
R2
R1
S1
S2
TREND
GOLD
31500
31100
30900
30750
BULLISH
Silver:  Silver prices are trading around its immediate support at 43700 levels. Momentum above 43967 levels will trigger an intraday bounce towards 44250/44400 areas. Sustenance below 43700 areas for few sessions will extend the correction towards 43000/42700 levels.
Outlook:  We expect Silver prices to trade positive

           
R2
R1
S1
S2
TREND
SILVER
44200
44000
43800
43600
BULLISH

No comments:

Post a Comment