14 December 2016

BULLION OUTLOOK FOR 14-15 DEC 2016

BUY GOLD DEC @ 27600 SL 27500 TGT 27800-27900.

BUY SILVER DEC @ 41600 SL 41000 TGT 41800-42000.

Gold:  Technically market is under long liquidation as market has witnessed drop in open interest by -0.7% to settled at 6393 while prices down -131 rupee, now Gold is getting support at 27458 and below same could see a test of 27380 level, And resistance is now likely to be seen at 27631, a move above could see prices testing 27726.
           
R2
R1
S1
S2
TREND
GOLD
31000
30650
30500
30000
SIDEWAYS
Silver: Technically market is under fresh selling as market has witnessed gain in open interest by 3.34% to settled at 12922 while prices down -489 rupee, now Silver is getting support at 40884 and below same could see a test of 40534 level, And resistance is now likely to be seen at 41672, a move above could see prices testing 42110.
           
R2
R1
S1
S2
TREND
SILVER
44250
44100
44000
43750
SIDEWAYS

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