29 December 2017

BULLION OUTLOOK FOR 01-05 JAN 2018


“I hope that 2017 has been a successful year for you! 
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and to wish you the very best for the New Year...!!!!

Gold: Gold trading range for the day is 29250-28850. Gold is getting support at 28950 and below same could see a test of 28850 level, And resistance is now likely to be seen at 29100, a move above could see prices testing 29300. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 28950 levels. Traders can initiate long positions on every dip until Gold closes below  28950  levels.
           
R2
R1
S1
S2
TREND
GOLD
29250
29100
28950
28850
BULLISH
Silver: Silver trading range for the day is 39400-38500. Technically Silver is getting support at 38740 and below same could see a test of 38500 level, And resistance is now likely to be seen at 38900, a move above could see prices testing 39400. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 38740  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40000
39750
38740
38500
  BULLISH

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