24 May 2017

BULLION OUTLOOK FOR 24-25 MAY 2017

BUY GOLD @ 28700 SL 27550 TGT 28920-29100.

BUY SILVER @ 39650 SL 39400 TGT 39880-40100.

Gold: Gold trading range for the day is 28480-28952. Technically Gold is getting support at 28632 and below same could see a test of 28480 level, And resistance is now likely to be seen at 28868, a move above could see prices testing 28952. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28597 levels. Traders can initiate long positions on every dip until Gold closes below 28544 levels.

           
R2
R1
S1
S2
TREND
GOLD
28830
28750
28650
28550
Bearish
Silver: Silver trading range for the day is 38842-40436. Silver is getting support at 39358 and below same could see a test of 38842 level, And resistance is now likely to be seen at 40155, a move above could see prices testing 40436. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39310 levels. 
           
R2
R1
S1
S2
  TREND
SILVER
39900
39750
39500
39400
  Bearish

1 comment:

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