WEEKLY CALL UPDATE:
GOLD HIT all TGT 28500 MADE HIGH OF 27881
!!!
silver HIT all TGT 39850 MADE HIGH OF 39601!!!
SELL GOLD FEB @ 28000 SL 28500 TGT 27800-27500.
BUY
SILVER FEB @ 40800 SL 40000 TGT 41300-41800.
Gold: On hourly chart, MCX Gold prices
are trading in a Falling channel Formation. Moreover, MCX Gold prices are
trading below its 21 HEMA which suggest short term trend remains down.
Moreover, Momentum Indicator RSI is trading below 40 levels on hourly time
frame which indicates negative momentum to the prices. For now we expect prices
should move lower towards 27650 levels in the coming trading sessions.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
31000
|
30650
|
30500
|
30000
|
SIDEWAYS
|
Silver: On hourly
chart, MCX Silver prices have completed Bullish Anti – Alternate Shark Harmonic
Pattern 40550 levels. Furthermore, on COMEX Silver Prices has completed Bullish
White Swan Harmonic pattern at $16.30 levels. In Addition, MCX Silver prices
are trading above its 10 HEMA on hourly time frame which indicates positive
momentum to the prices. For now we expect prices to move higher towards 41500
levels in few trading sessions.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
44250
|
44100
|
44000
|
43750
|
SIDEWAYS
|
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