8 February 2017

BUY GOLD AND SILVER FOR 08-09 FEB 2017

yesterday’s CALL UPDATE:
GOLD HIT all TGT 29350 MADE HIGH OF 29414 !!!
silver HIT all TGT 42360 MADE HIGH OF 42580!!!

BUY GOLD APR 2017 @ 29300 SL 29050 TGT 29450-29560.

 BUY SILVER MAR 2017 @ 42400 SL 42100 TGT 42580-42850.

Gold:  Gold trading range for the day is 29119-29455. Gold steadied as investors sought the perceived safety of the yellow metal amid growing concerns over political risks in Europe and around the global.
Outlook: Technically market is getting support at 29226 and below same could see a test of 29119 level, And resistance is now likely to be seen at 29394, a move above could see prices testing 29455.
           
R2
R1
S1
S2
TREND
GOLD
29550
29400
29240
29150
BULLISH
Silver: Silver trading range for the day is 42007-42827.Silver prices gained as support seen as rising global political uncertainty supported safe haven demand.
Outlook:  Technically market is under fresh buying as market has witnessed gain in open interest by 1.22% to settled at 13241 while prices up 216 rupees, now Silver is getting support at 42254 and below same could see a test of 42007 level, And resistance is now likely to be seen at 42664, a move above could see prices testing 42827.
           
R2
R1
S1
S2
  TREND
SILVER
42680
42550
42250
42000
  BULLISH


6 comments:

  1. I have taken sell position in gold @29350, is there any negative movement?? Should I hold or exit??

    ReplyDelete
    Replies
    1. gold is in buying trend, you can hold gold & book gold near 29280 with sl of 29450.

      Delete
  2. Technically, Today market is in buying. I want to take position in silver for 300 points from @42435, Should I take this??

    ReplyDelete
    Replies
    1. for 300 point you can take position in silver @42350

      Delete
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