7 November 2017

BULLION OUTLOOK FOR 07-08 NOV 2017

Gold: Gold trading range for the day is 29600-29150. Gold is getting support at 29300 and below same could see a test of 29150 level, And resistance is now likely to be seen at 29450, a move above could see prices testing 29600. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29300 levels. Traders can initiate long positions on every dip until Gold closes below  29300  levels.
           
R2
R1
S1
S2
TREND
GOLD
29600
29450
29300
29150
BULLISH
Silver: Silver trading range for the day is 40200-39400. 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 40200. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 39600  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40200
39900
39600
39400
  BULLISH

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