14 November 2017

BULLION OUTLOOK FOR 01-15 NOV 2017

Gold: Gold trading range for the day is 29350-29700. Gold is getting support at 29440 and below same could see a test of 29350 level, And resistance is now likely to be seen at 29600, a move above could see prices testing 29700. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29440 levels. Traders can initiate long positions on every dip until Gold closes below  29440  levels.
           
R2
R1
S1
S2
TREND
GOLD
29700
29600
29440
29350
BULLISH
Silver: Silver trading range for the day is 39200-40100. Technically Silver is getting support at 39500 and below same could see a test of 39200 level, And resistance is now likely to be seen at 39880, a move above could see prices testing 40100. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 39500  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40100
39880
39500
39200
  BULLISH

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