7 February 2018

BULLION TRADING RANGE FOR 07-08 FEB 2018

Gold: Gold trading range for the day is 30400-30000. Gold is getting support at 30180 and below same could see a test of 30000 level, And resistance is now likely to be seen at 30250, a move above could see prices testing 30400. Gold is trading into positive zone and traders can hold long positions until Gold closes below 30180 levels. Traders can initiate long  positions on every dips until Gold closes below  30180  levels.
           
R2
R1
S1
S2
TREND
GOLD
30400
30250
30180
30000
BULLISH
Silver: Silver trading range for the day is 39000-38000. Technically Silver is getting support at 38400 and below same could see a test of 38000 level, And resistance is now likely to be seen at 38600, a move above could see prices testing 39000. Silver is trading into positive zone and traders can go long at every dips or hold long  positions until Silver closes below 38400  levels.
           
R2
R1
S1
S2
  TREND
SILVER
39000
38600
38400
38000
  BULLISH

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