17 November 2017

WEEKLY BULLION OUTLOOK FOR 20-24 NOV 2017

Gold: Gold trading range for the day is 29800-29100. 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 29750, a move above could see prices testing 29800. 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
29000
29750
29300
29100
BULLISH
Silver: Silver trading range for the day is 40200-39200. 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 39750, 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 39500  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40000
39750
39500
39200
  BULLISH

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