7 February 2017

BULLION OUTLOOK FOR 07-08 FEB 2017

BUY GOLD  @ 29200 SL 28000 TGT 29350-29500.
BUY SILVER  @ 42200 SL 42000 TGT 42360-42600.
Gold:  Gold trading range for the day is 28851-29391. Gold prices gained as worries about the political landscape in the United States and Europe and a subdued dollar reinforced investor interest.
Outlook: Technically market is under fresh buying as market has witnessed gain in open interest by 5.19% to settled at 7414 while prices up 284 rupees, now Gold is getting support at 29022 and below same could see a test of 28851 level, And resistance is now likely to be seen at 29292, a move above could see prices testing 29391.
           
R2
R1
S1
S2
TREND
GOLD
29380
29300
28200
28150
SIDEWAYS
Silver: Silver trading range for the day is 41719-42623. Silver prices gained as investors scaled back expectations for a more aggressive pace of rate hikes from the Federal Reserve this year. 
Outlook:  Technically market is under short covering as market has witnessed drop in open interest by -0.63% to settled at 13082 while prices up 489 rupees, now Silver is getting support at 42002 and below same could see a test of 41719 level, And resistance is now likely to be seen at 42454, a move above could see prices testing 42623.
           
R2
R1
S1
S2
TREND
SILVER
42550
42300
42100
42000
SIDEWAYS
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12 comments:

  1. vipin shah7 February 2017 at 16:46

    The call which you have provided for silver will it break both levels???

    ReplyDelete
    Replies
    1. Unknown7 February 2017 at 17:58

      buying levels are triggered yet. watch buying target. and wait for selling level.

      Delete
  2. Jitendra vishwakarma7 February 2017 at 16:58

    Wow! what a great tips you have in here!.
    You are awesome!!
    Thanks for your sharing this

    ReplyDelete
  3. Jaiprakash7 February 2017 at 17:22

    As per your given calls I have taken position in gold @29220, today will it break the resistance of 29420 till market closing time??

    ReplyDelete
  4. bishwajit sen7 February 2017 at 17:34

    Technically market is under fresh buying as market has witness gain, so I should I go with future contract??

    ReplyDelete
    Replies
    1. Unknown7 February 2017 at 17:59

      yes you can trade in stock future if you have a good investment

      Delete
  5. Surya Prakash8 February 2017 at 10:20

    You have provided great call, I have booked huge profit on your silver call. Thanks a lot!!! Keep it up

    ReplyDelete
    Replies
    1. Unknown8 February 2017 at 12:52

      thanks Mr. prakash, for your appreciation, to get such more calls fill up the form on right side..>>

      Delete
  6. Santanu8 February 2017 at 10:53

    Hello, I want to trade on gold for 100 points, so can you suggest me from what level of buying/selling I should trade and what target should I keep??

    ReplyDelete
    Replies
    1. Unknown8 February 2017 at 12:49

      you can buy gold at cmp for tgt of 29350 with sl 29100.

      Delete

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