29 December 2016

BULLION OUTLOOK FOR 29-30 DEC 2016

Gold:  Technically market is getting support at 27217 and below same could see a test of 27135 level, And resistance is now likely to be seen at 27364, a move above could see prices testing 27429.
Outlook: Gold trading range for the day is 27135-27429.
           
R2
R1
S1
S2
TREND
GOLD
27600
27500
27350
27200
SIDEWAYS
Silver: Technically market is under short covering as market has witnessed drop in open interest by -1.15% to settled at 13463 while prices up 302 rupee, now Silver is getting support at 39151 and below same could see a test of 38882 level, And resistance is now likely to be seen at 39608, a move above could see prices testing 39796.
Outlook:  Silver trading range for the day is 38882-39796.
           
R2
R1
S1
S2
TREND
SILVER
40000
39850
39700
39500
SIDEWAYS

No comments:

Post a Comment