29 September 2017

BULLION OUTLOOK FOR 03-06 OCT 2017

SELL GOLD 29650 SL 29800 TGT 29500-29400.

SELL SILVER 39800 SL 40100 TGT 39600-39400.

Gold: Gold trading range for the day is 29800-29400. Gold is getting support at 29500 and below same could see a test of 29400 level, And resistance is now likely to be seen at 29650, a move above could see prices testing 29800. Gold is trading into negative zone and traders can hold short positions until Gold closes above 29800 levels. Traders can initiate short positions on every rise until Gold closes above 29800 levels.

           
R2
R1
S1
S2
TREND
GOLD
29800
29650
29500
29400
Bearish
Silver: Silver trading range for the day is 40000-39400. Technically Silver is getting support at 39700 and below same could see a test of 39400 level, And resistance is now likely to be seen at 39820, a move above could see prices testing 40000. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40000  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40200
40000
39700
39500
  Bearish

28 September 2017

BULLION OUTLOOK FOR 28-29 SEP 2017

SELL GOLD 29700 SL 29900 TGT 29500-29400.

SELL SILVER 39800 SL 40100 TGT 39500-39200.

Gold: Gold trading range for the day is 29800-29300. Gold is getting support at 29550 and below same could see a test of 29400 level, And resistance is now likely to be seen at 29700, a move above could see prices testing 29800. Gold has entered into negative zone and traders can hold short positions until Gold closes above 29900 levels. Traders can initiate short positions on every rise until Gold closes above 29900 levels.

           
R2
R1
S1
S2
TREND
GOLD
29900
29700
29550
29400
Bearish
Silver: Silver trading range for the day is 40100-39600. Technically Silver is getting support at 39600 and below same could see a test of 39400 level, And resistance is now likely to be seen at 39900, a move above could see prices testing 40100.  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39900 levels
           
R2
R1
S1
S2
  TREND
SILVER
40100
39900
39600
39400
  Bearish

27 September 2017

BULLION OUTLOOK FOR 27-28 SEP 2017

Gold: Gold trading range for the day is 30000-29700. Gold is getting support at 29800 and below same could see a test of 29700 level, And resistance is now likely to be seen at 30000, a move above could see prices testing 30150. Gold is trading into negative zone and traders can hold sell positions until Gold closes above 30000 levels. Traders can initiate short  positions on every rise until Gold closes above 30000 levels.
           
R2
R1
S1
S2
TREND
GOLD
30150
30000
29800
29700
Bearish
Silver: Silver trading range for the day is 40200-39600. Technically Silver is getting support at 39800 and below same could see a test of 39600 level, And resistance is now likely to be seen at 40000, a move above could see prices testing 40200. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40000  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40200
40000
39800
39600
  Bearish

26 September 2017

BULLION OUTLOOK FOR 26-27 SEP 2017

Gold: Gold trading range for the day is 30300-29800. Gold is getting support at 29900 and below same could see a test of 29800 level, And resistance is now likely to be seen at 30200, a move above could see prices testing 30400. Gold has entered into positive zone and traders can hold long positions until Gold closes below 29540 levels. Traders can initiate long positions on every dip until Gold closes below 29540 levels.
           
R2
R1
S1
S2
TREND
GOLD
30400
30200
29900
28800
Bearish
Silver: Silver trading range for the day is 40800-39900. Technically Silver is getting support at 40150 and below same could see a test of 39900 level, And resistance is now likely to be seen at 40600, a move above could see prices testing 40800. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40388  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40800
40600
40150
39900
  Bearish

25 September 2017

BULLION OUTLOOK FOR 25-26 SEP 2017

SELL GOLD 29700 SL 29850 TGT 29500-29400.

SELL SILVER 39800 SL 40100 TGT 39400-39000.

Gold: Gold trading range for the day is 29800-29300. Gold is getting support at 29500 and below same could see a test of 29300 level, And resistance is now likely to be seen at 29750, a move above could see prices testing 29900. Gold is trading into negative zone and traders can hold sell positions until Gold closes above 29750 levels. Traders can initiate short  positions on every rise until Gold closes above 29750 levels.

           
R2
R1
S1
S2
TREND
GOLD
29900
29750
29500
28300
Bearish
Silver: Silver trading range for the day is 39300-40200. Technically Silver is getting support at 39500 and below same could see a test of 39300 level, And resistance is now likely to be seen at 39900, a move above could see prices testing 40200. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39900  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40200
39900
39500
39300
  Bearish

22 September 2017

BULLION OUTLOOK FOR UPCOMING WEEK


Gold: Gold trading range for the day is 29800-29400. Gold is getting support at 29550 and below same could see a test of 29400 level, And resistance is now likely to be seen at 29750, a move above could see prices testing 29850. Gold is trading into negative zone and traders can hold sell positions until Gold closes above 29550 levels. Traders can initiate short  positions on every rise until Gold closes above 29550 levels.
           
R2
R1
S1
S2
TREND
GOLD
29850
29750
29550
29400
Bearish
Silver: Silver trading range for the day is 40200-39500. Technically Silver is getting support at 39750 and below same could see a test of 39500 level, And resistance is now likely to be seen at 40050, a move above could see prices testing 40200. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39750  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40200
40050
39750
39500
  Bearish