7 February 2017

BULLION OUTLOOK FOR 07-08 FEB 2017

BUY GOLD  @ 29200 SL 28000 TGT 29350-29500.
BUY SILVER  @ 42200 SL 42000 TGT 42360-42600.
Gold:  Gold trading range for the day is 28851-29391. Gold prices gained as worries about the political landscape in the United States and Europe and a subdued dollar reinforced investor interest.
Outlook: Technically market is under fresh buying as market has witnessed gain in open interest by 5.19% to settled at 7414 while prices up 284 rupees, now Gold is getting support at 29022 and below same could see a test of 28851 level, And resistance is now likely to be seen at 29292, a move above could see prices testing 29391.
           
R2
R1
S1
S2
TREND
GOLD
29380
29300
28200
28150
SIDEWAYS
Silver: Silver trading range for the day is 41719-42623. Silver prices gained as investors scaled back expectations for a more aggressive pace of rate hikes from the Federal Reserve this year. 
Outlook:  Technically market is under short covering as market has witnessed drop in open interest by -0.63% to settled at 13082 while prices up 489 rupees, now Silver is getting support at 42002 and below same could see a test of 41719 level, And resistance is now likely to be seen at 42454, a move above could see prices testing 42623.
           
R2
R1
S1
S2
TREND
SILVER
42550
42300
42100
42000
SIDEWAYS

14 comments:

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  2. The call which you have provided for silver will it break both levels???

    ReplyDelete
    Replies
    1. buying levels are triggered yet. watch buying target. and wait for selling level.

      Delete
  3. Jitendra vishwakarma7 February 2017 at 16:58

    Wow! what a great tips you have in here!.
    You are awesome!!
    Thanks for your sharing this

    ReplyDelete
  4. As per your given calls I have taken position in gold @29220, today will it break the resistance of 29420 till market closing time??

    ReplyDelete
  5. Technically market is under fresh buying as market has witness gain, so I should I go with future contract??

    ReplyDelete
    Replies
    1. yes you can trade in stock future if you have a good investment

      Delete
  6. You have provided great call, I have booked huge profit on your silver call. Thanks a lot!!! Keep it up

    ReplyDelete
    Replies
    1. thanks Mr. prakash, for your appreciation, to get such more calls fill up the form on right side..>>

      Delete
  7. Hello, I want to trade on gold for 100 points, so can you suggest me from what level of buying/selling I should trade and what target should I keep??

    ReplyDelete
    Replies
    1. you can buy gold at cmp for tgt of 29350 with sl 29100.

      Delete
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