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

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