25 October 2017

BULLION OUTLOOK FOR 25-26 OCT 2017

Gold: Gold trading range for the day is 29600-29100. Gold is getting support at 29300 and below same could see a test of 29100 level, And resistance is now likely to be seen at 29500, a move above could see prices testing 29650. Gold is trading into the negative zone and traders can hold short positions until Gold closes above 29500 levels. Traders can initiate short positions on every rise until Gold closes above 29500 levels.

           
R2
R1
S1
S2
TREND
GOLD
29650
29500
29300
29100
Bearish
Silver: Silver trading range for the day is 39800-39000. Technically Silver is getting support at 39400 and below same could see a test of 39000 level, And resistance is now likely to be seen at 39700, a move above could see prices testing 40000. Silver is trading into the 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
40000
39700
39400
39000
  Bearish

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