8 January 2018

BULLION OUTLOOK FOR 08-09 JAN 2018

Gold: Gold trading range for the day is 29050-29450. Gold is getting support at 29150 and below same could see a test of 29050 level, And resistance is now likely to be seen at 29300, a move above could see prices testing 29400. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29150 levels. Traders can initiate long positions on every dip until Gold closes below  29150  levels.
           
R2
R1
S1
S2
TREND
GOLD
30400
29300
29150
29000
BULLISH
Silver: Silver trading range for the day is 39500-38900. Technically Silver is getting support at 39100 and below same could see a test of 38900 level, And resistance is now likely to be seen at 39250, a move above could see prices testing 39500. Silver is trading into a 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
39600
39250
39100
38600
  BULLISH

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