18 May 2018

WEEKLY BULLION OUTLOOK FOR 21-25 MAY 2018


Gold: Gold trading range for the day is 31150-30800. Gold is getting support at 30940 and below same could see a test of 30800 level, And resistance is now likely to be seen at 31050, a move above could see prices testing 31150 . Prices possibly to rebound higher towards the upside trend line objective of 31200/31250. While in this positive note, fall below the exponential moving average support of 30900 may cajole fresh selling.
           
R2
R1
S1
S2
TREND

GOLD
31150
31050
30900
30800
SIDEWAYS
Silver:Silver trading range for the day is 40450-39850. Technically Silver is getting support at 40000 and below same could see a test of 39850 level, And resistance is now likely to be

16 May 2018

14 MAY 2018 CALL UPDATE:


gold HIT TGT 31200 MADE HIGH OF 31002
silver HIT TGT 40100 MADE HIGH OF 39702
Gold: Gold trading range for the day is 31400-30800. Gold is getting support at 31000 and below same could see a test of 30800 level, And resistance is now likely to be seen at 31200, a move above could see prices testing 31400 . Prices possibly to rebound higher towards the upside trend line objective of 31400/31600. While in this positive note, Fall below the exponential moving average support of 30700 may cajole fresh selling.
           
R2
R1
S1
S2
TREND

GOLD
31400
31200
31000
30800
SIDEWAYS
Silver: Silver trading range for the day is 40200-40000. Technically Silver is getting support at 39700 and below same could see a test of 39450 level, And resistance is now likely to be seen at 39950, a move above could see prices testing 40200. As long as moving average

14 May 2018

BULLION TRADING LEVELS FOR 14-15 MAY

Gold: Gold trading range for the day is 31700-31200. Gold is getting support at 31350 and below same could see a test of 31200 level, And resistance is now likely to be seen at 31550, a move above could see prices testing 31700 . Prices possibly to rebound higher towards the upside trend line objective of 31550/31700. While in this positive note, Fall below the exponential moving average support of 31100 may cajole fresh selling.
           
R2
R1
S1
S2
TREND

GOLD
31700
31550
31350
31200
SIDEWAYS
Silver: Silver trading range for the day is 40700-40000. Technically Silver is getting support at 40350 and below same could see a test of 40100 level, And resistance is now likely to be seen at 40550, a move above could see prices testing 40700. As long as moving average

11 May 2018

WEEKLY BULLION TRADING LEVELS FOR 14-18 MAY

YESTERDAY'S GOLD ACHIEVED TARGET 31550 !!
YESTERDAY'S SILVER ACHIEVED TARGET 40550 !!
Gold: Gold trading range for the day is 31700-31100. Gold is getting support at 31350 and below same could see a test of 31100 level, And resistance is now likely to be seen at 31550, a move above could see prices testing 31700 . Prices possibly to rebound higher towards the upside trend line objective of 31550/31700. While in this positive note, Fall below the exponential moving average support of 31100 may cajole fresh selling.
           
R2
R1
S1
S2
TREND

GOLD
31700
31550
31350
31100
SIDEWAYS
Silver: Silver trading range for the day is 40900-40000. Technically Silver is getting support at 40350 and below same could see a test of 40000 level, And resistance is now likely to be seen at 40650, a move above could see prices testing 40900. As long as moving average

10 May 2018

BULLION TRADING LEVELS FOR 11 MAY 2018

YESTERDAY'S SILVER ACHIEVED TARGET 40200!!
Gold: Gold trading range for the day is 31550-31100. Gold is getting support at 31250 and below same could see a test of 31100 level, And resistance is now likely to be seen at 31400, a move above could see prices testing 31550 . Prices possibly to rebound higher towards the upside trend line objective of 31450/31550. While in this positive note, Fall below the exponential moving average support of 31100 may cajole fresh selling.
           
R2
R1
S1
S2
TREND

GOLD
31550
31400
31250
31100
SIDEWAYS
Silver:Silver trading range for the day is 40550-40000. Technically Silver is getting support at 39900 and below same could see a test of 39650 level, And resistance is now likely to be seen at 40250, a move above could see prices testing 40000. As long as moving average

9 May 2018

BULLION TRADING LEVELS FOR 10 MAY 2018


Gold: Gold trading range for the day is 31450-31000. Gold is getting support at 31150 and below same could see a test of 31000 level, And resistance is now likely to be seen at 31300, a move above could see prices testing 31450 . Prices possibly to rebound higher towards the upside trend line objective of 31280/31410. While in this positive note, Fall below the exponential moving average support of 31090 may cajole fresh selling.
           
R2
R1
S1
S2
TREND

GOLD
31450
31300
31150
31000
SIDEWAYS
Silver:Silver trading range for the day is 40200-39550. Technically Silver is getting support at 39800 and below same could see a test of 39550 level, And resistance is now likely to be seen at 39950, a move above could see prices testing 40200. As long as moving average

7 May 2018

BULLION TRADING LEVELS FOR 08 MAY 2018

4th may 2018 CALL UPDATE:
gold hit tgt 31250 ; silver HIT TGT 40000 !! 
Gold: Gold trading range for the day is 31400-30950. Gold is getting support at 31100 and below same could see a test of 30950 level, And resistance is now likely to be seen at 31250, a move above could see prices testing 31400 . trend remains bullish. Therefore, we expect positive movement in the gold towards 31450.
           
R2
R1
S1
S2
TREND

GOLD
31400
31250
31100
30950
SIDEWAYS
Silver:Silver trading range for the day is 40250-39450. Technically Silver is getting support at 39700 and below same could see a test of 39450 level, And resistance is now likely to be seen at 40000, a move above could see prices testing 40250.
           
R2
R1
S1
S2
  TREND
SILVER
40250
40000
39700
39450
  SIDEWAYS