31 August 2017

BULLION OUTLOOK FOR 01 SEP 2017

yesterday's CALL UPDATE:
silver HIT all TGT 39550 MADE low OF 39466!!!
Gold: Gold trading range for the day is 29700-29200. Gold is getting support at 29400 and below same could see a test of 29200 level, And resistance is now likely to be seen at 29550, a move above could see prices testing 29650. Gold is trading into negative zone and traders can hold sell positions until Gold closes above 29550 levels. Traders can initiate short  positions on every rise until Gold closes above 29550 levels.
           
R2
R1
S1
S2
TREND
GOLD
29650
29550
29400
29200
Bearish
Silver: Silver trading range for the day is 39800-39200. Technically Silver is getting support at 39450 and below same could see a test of 39100 levels, and resistance is now likely to be seen at 39650, a move above could see prices testing 39750. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39650  levels.
           
R2
R1
S1
S2
  TREND
SILVER
39750
39650
39450
39100
  Bearish

30 August 2017

BULLION OUTLOOK FOR 30-31 AUG 2017

SELL GOLD 29600 SL 29800 TGT 29300-29000.

SELL SILVER 39800 SL 39950 TGT 39550-39200.

Gold: Gold trading range for the day is 29700-29000. Gold is getting support at 29450 and below same could see a test of 29000 level, And resistance is now likely to be seen at 29650, a move above could see prices testing 29800. Gold is trading into negative zone and traders can hold sell positions until Gold closes above 29650 levels. Traders can initiate short  positions on every rise until Gold closes above 29650 levels.
           
R2
R1
S1
S2
TREND
GOLD
29750
29650
29450
29350
Bearish
Silver: Silver trading range for the day is 39900-39000. Technically Silver is getting support at 39500 and below same could see a test of 39000 level, And resistance is now likely to be seen at 39850, a move above could see prices testing 39950. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39850  levels.
           
R2
R1
S1
S2
  TREND
SILVER
39950
39850
38500
38000
  Bearish

29 August 2017

BULLION OUTLOOK FOR 29-30 AUG 2017

yesterday’s CALL UPDATE:
GOLD HIT all TGT 29500 MADE low OF 29937!!!
silver HIT all TGT 39600 MADE low OF 40220!!!
Gold: Gold trading range for the day is 29300-30050. Gold is getting support at 28500 and below same could see a test of 28300 level, And resistance is now likely to be seen at 29950, a move above could see prices testing 30100. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29500 levels. Traders can initiate long positions on every dip until Gold closes below 29500 levels.
           
R2
R1
S1
S2
TREND
GOLD
29200
29000
28800
28500
Bullish
Silver: Silver trading range for the day is 39500-40500. Technically Silver is getting support at 39800 and below same could see a test of 39500 level, And resistance is now likely to be seen at 40200, a move above could see prices testing 40500. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39800  levels.
           
R2
R1
S1
S2
  TREND
SILVER
38800
38500
38300
38000
  Bullish

28 August 2017

BULLION OUTLOOK FOR 28-29 AUG 2017

BUY GOLD 29100 SL 28900 TGT 29400-29500.MCX.

BUY SILVER 39000 SL 38700 TGT 39400-39600.MCX

Gold: Gold trading range for the day is 28900-29400. Gold is getting support at 29100 and below same could see a test of 28900 level, And resistance is now likely to be seen at 29300, a move above could see prices testing 29400. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29100 levels. Traders can initiate long positions on every dip until Gold closes below 29100 levels.
           
R2
R1
S1
S2
TREND
GOLD
29400
29300
29100
29000
Bearish
Silver: Silver trading range for the day is 38800-39500. Technically Silver is getting support at 39000 and below same could see a test of 38800 level, And resistance is now likely to be seen at 39300, a move above could see prices testing 39500. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39000  levels.
           
R2
R1
S1
S2
  TREND
SILVER
39500
39300
39000
38800
  Bearish

24 August 2017

WEEKLY BULLION OUTLOOK FOR 28 AUG-01 SEP 2017

SELL GOLD 29000 SL 29200 TGT 28750-28500.

SELL SILVER 39500 SL 39600 TGT 38100-37800.

Gold: Gold trading range for the day is 29300-28800. Gold is getting support at 29000 and below same could see a test of 28800 level, And resistance is now likely to be seen at 29200, a move above could see prices testing 29350. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29000 levels. Traders can initiate long positions on every dip until Gold closes below 29000 levels. On the daily chart, Gold prices have given breakout of a falling wedge. Furthermore, prices have been sustaining above its 21 EMA on the hourly chart. In addition, momentum indicator RSI is in positive crossover and rising on the daily chart. Therefore, we keep our bullish view on Gold with an expectation of 29500 levels.
           
R2
R1
S1
S2
TREND
GOLD
29300
29200
29000
28800
Bearish
Silver: Silver trading range for the day is 39400-38600. Technically Silver is getting support at 38500 and below same could see a test of 38100 level, And resistance is now likely to be seen at 39200, a move above could see prices testing 38400. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38500  levels. On the daily chart, Silver price has given breakout of a inverted Head and Shoulder pattern, which is very bullish pattern. Moreover, Furthermore, price has been trading above its 21 EMA on the daily chart. In addition, momentum indicator RSI is in positive crossover and rising on the daily chart. Therefore, we keep our bullish view on Silver with an expectation of 40500 levels.
           
R2
R1
S1
S2
  TREND
SILVER
39400
39200
38800
38600
  Bearish

23 August 2017

BULLION OUTLOOK FOR 23-24 AUG 2017

SELL GOLD 29000 SL 29200 TGT 28750-28500.

SELL SILVER 39300 SL 39600 TGT 38100-37800.

Gold: Gold trading range for the day is 29300-28800. Gold is getting support at 29000 and below same could see a test of 28800 level, And resistance is now likely to be seen at 29200, a move above could see prices testing 29350. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29000 levels. Traders can initiate long positions on every dip until Gold closes below 29000 levels. On the daily chart, Gold prices have given breakout of a falling wedge. Furthermore, prices have been sustaining above its 21 EMA on the hourly chart. In addition, momentum indicator RSI is in positive crossover and rising on the daily chart. Therefore, we keep our bullish view on Gold with an expectation of 29500 levels.
           
R2
R1
S1
S2
TREND
GOLD
29300
29200
29000
28800
Bearish
Silver: Silver trading range for the day is 39400-38600. Technically Silver is getting support at 38800 and below same could see a test of 38600 level, And resistance is now likely to be seen at 39200, a move above could see prices testing 38400. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38800  levels. On the daily chart, Silver price has given breakout of a inverted Head and Shoulder pattern, which is very bullish pattern. Moreover, Furthermore, price has been trading above its 21 EMA on the daily chart. In addition, momentum indicator RSI is in positive crossover and rising on the daily chart. Therefore, we keep our bullish view on Silver with an expectation of 40500 levels.
           
R2
R1
S1
S2
  TREND
SILVER
39400
39200
38800
38600
  Bearish