23 February 2017

WEEKLY BULLLION OUTLOOK FOR 27 FEB 02 MAR

SELL GOLD @ 29400 SL 29580 TGT 29220-29080.

SELL SILVER @ 42650 SL 43000 TGT 42400-42200.

Gold: Gold trading range for the day is 29071-29413. Technically market is getting support at 29139 and below same could see a test of 29071 level, And resistance is now likely to be seen at 29310, a move above could see prices testing 29413. MCX Gold price has given a breakout of its Cup & Handle pattern at 28870 levels on a daily chart and price has almost retested its breakout trend line levels. Moreover, MCX Gold prices have been trading above 21 DEMA on the daily chart. Moreover, Momentum Indicator RSI has shown bullish range shift on the daily chart.
           
R2
R1
S1
S2
TREND
GOLD
29380
29300
29200
29000
Bearish
Silver: Silver trading range for the day is 42462-42990.Technically market is getting support at 42587 and below same could see a test of 42462 level, And resistance is now likely to be seen at 42851, a move above could see prices testing 42990. On a daily chart, MCX Silver price has given a breakout of its inverted Head & Shoulder neckline at 41980 levels and price has rested its neckline breakout.. Moreover, MCX Silver prices have been trading above its 50 DEMA. In addition, momentum indicator RSI has remained above 60 levels, which indicates possibilities of further upside in the prices
           
R2
R1
S1
S2
  TREND
SILVER
42800
42700
42500
42000
  Bearish

11 comments:

  1. good tips you have shared..
    EQUITY CASH CALLS

    ReplyDelete
  2. Great information in your blog. Thanks for sharing these.

    ReplyDelete
    Replies
    1. thanks for your appreciation, keep reading

      Delete
  3. This is an amazing post with very useful information. what I have to do to get your free trial??

    ReplyDelete
    Replies
    1. thanks Mr divyesh, to get free trial plz fill the form on right side. or give us missed call on 08030636442

      Delete
  4. Good levels you are providing but I do trade in nifty future. Do you provide calls for that??

    ReplyDelete
    Replies
    1. To get nifty tips plz give us missed call on 08030636442

      Delete
  5. What movement is there in today's market???

    ReplyDelete
    Replies
    1. It would be posive till nifty hold 8880

      Delete
  6. Today's not good movement in commodity market. Tomorrows market will be like today??

    ReplyDelete
    Replies
    1. commodity market is in range. breakout is expected soon.

      Delete