BULLION TRADING RANGE ON BUDGET DAY 01 FEB 2018

Gold: Gold trading range for the day is 30800-29000. Gold is getting support at 30000 and below same could see a test of 29000 level, And resistance is now likely to be seen at 30170, a move above could see prices testing 30800. Gold is trading into positive zone and traders can hold long positions until Gold closes below 30000 levels. Traders can initiate long  positions on every dips until Gold closes below  30000  levels.

	R2	R1	S1		S2	TREND
GOLD	30800	30170	30000		29000	BULLISH

Silver: Silver trading range for the day is 40500-38000. Technically Silver is getting support at 39000 and below same could see a test of 38000 level, And resistance is now likely to be seen at 39320, a move above could see prices testing 40000. Silver is trading into positive zone and traders can go long at every dips or hold long  positions until Silver closes below 39000  levels.

	R2	R1	S1		S2	TREND
SILVER	40500	39320	39000		38000	BULLISH

BULLION CALL FOR 30-31 JAN 2018

25 th jan 2018 ; silver HIT sell TGT 39200 MADE HIGH OF 39020

Gold: Yesterday, MCX Gold opened on negative note, where price fell down for the day, which may consider as profit booking after a long bullish rally. On the weekly chart, MCX Gold has given “Symmetrical Triangle” breakout and so far sustained above the triangle; which suggest bullish trend will continue further for few more days. Moreover, MCX Gold Price has found the support of 21 days EMA on daily chart. Based on the above technical aspects, we expect bullish movement in MCX Gold prices. Gold trading range for the day is 30300-29800. Gold is getting support at 29900 and below same could see a test of 29600 level, And resistance is now likely to be seen at 30300, a move above could see prices testing 29600. Gold is trading into positive zone and traders can hold long positions

COMMODITY TRADING TIPS FOR 30 JAN 2018

25 th JAN 2018 GOLD SELL TARGET ACHIEVED 30150 !!

SILVER NEAR TARGET OF 39200 MADE A LOW OF 39451 !!

BUY GOLD 30000 TGT 30150/30250 SL 29900

Gold: Gold rose on Friday, climbing back toward the previous day's 17-month peak as a report of slow economic growth pushed the U.S. dollar lower, days after the greenback was hammered by a senior U.S. official backing a weaker currency. Dollar weakness makes assets priced in the U.S. unit less expensive for holders of other currencies. The U.S. economy grew 2.6 percent in the final quarter of 2017, slower than the 3 percent forecast by economists polled by Reuters. We suggest bullish trend will continue further for few more days. On the other hand, COMEX Gold has sustained above the psychological level of $1350. Moreover, MCX Gold Price has found the support of 21 days EMA on daily chart. Based on the above technical aspects, we expect bullish movement in MCX Gold prices. Gold trading range for the day is 29900-30300. Gold is getting support at 29900 and below same could see a test of 29700 level, And resistance is now likely to be seen at 30150, a move above could see prices testing 30350. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29900 levels. Traders can initiate long  positions on every dips until Gold closes below  29900  levels.

	R2	R1	S1		S2	TREND
GOLD	30300	30150	29900		29700	BULLISH

WEEKLY COMMODITY OUTLOOK FOR 29 JAN 02 FEB 2018

YESTERDAY'S GOLD ACHIEVED  TARGET 30350 MADE HIGH OF 30464

Gold: Yesterday, MCX Gold has given one-side bullish move and hovered near the fourmonth high. On the weekly chart, MCX Gold has given “Symmetrical Triangle” breakout and traded upward; which suggest bullish trend will continue further for few more days. On the other hand, COMEX Gold has moved above the major psychological level of $1350. Moreover, MCX Gold Price has found the support of 21 days EMA on daily chart. Based on the above technical aspects, we expect bullish movement in MCX Gold prices.
               Gold trading range for the day is 30150-30600. Gold is getting support at 30300 and below same could see a test of 30150 level, And resistance is now likely to be seen at 30470, a move above could see prices testing 30600. Gold is trading into positive zone and traders can hold long positions until Gold closes below 30300 levels. Traders can initiate long  positions on every dips until Gold closes below  30300  levels.

	R2	R1	S1		S2	TREND
GOLD	30600	30470	30300		30100	BULLISH

Silver: On the daily chart, MCX Silver has formed rising channel formation, where price

MCX OUTLOOK FOR 24-25 JAN 2018

YESTERDAY'S GOLD ACHIEVED  TARGET 30050 MADE HIGH OF 30119

BUY SILVER ABOVE 30100 TGT 30250/30350 SL 30800 

Gold:Gold trading range for the day is 29724-30326.Gold gained as the U.S. dollar fell to fresh three-year lows, but an end to uncertainty created by a three-day U.S. government shutdown capped gains.Technically market is under short covering as market has witnessed drop in open interest by -2.25% to settled at 5824 while prices up 77 rupees, now Gold is getting support at 29918 and below same could see a test of 29724 level, And resistance is now likely to be seen at 30150, a move above could see prices testing 30326.

R2	R1	S1		S2	TREND
GOLD	30326	30150	29918		29724	BULLISH

Silver: Silver trading range for the day is 38556-39524. Silver dropped as pressure seen

PRECIOUS METALS UP AS DOLLAR SLIPS AFTER U.S. GOVERNMENT SHUTDOWN

BUY GOLD ABOVE 29850 TGT 29950/30050 SL 29700

Precious metals prices nudged higher on Monday as the dollar wallowed near three-year lows following a U.S. government shutdown, although bullishness in the wider financial markets capped the precious metals’ gains. However, keeping a lid on gold’s gains, U.S. Treasury yields rose as investors saw limited economic fallout from the standoff in Washington and instead focused on a global economy motoring ahead. Rising yields tend to weigh on gold by increasing the opportunity cost of holding non-yielding bullion. They also tend to boost the dollar, making dollar-priced gold costlier for non-U.S. investors. Technically, Gold has been in the overbought territory for a while now and a correction is expected in the days to come. 

Gold: MCX Gold prices traded higher for the day; where it has formed Higher highs and higher lows formation. On the weekly chart, MCX Gold has formed “Symmetrical Triangle” pattern; where price has been trading near the immediate resistance zone. On the other hand, COMEX Gold has shown positive momentum for the day after giving a correction in

COMMODITY TRADING TIPS FOR 22-23 JAN 2018

BUY GOLD ABOVE 29850 TGT 29950/30050 SL 29700

BUY SILVER ABOVE 39100 TGT 39250/39350 SL 38800 

Gold: Gold trading range for the day is 29950-29600. Gold is getting support at 29700 and below same could see a test of 29600 level, And resistance is now likely to be seen at 29850, a move above could see prices testing 29950. Gold is trading into SIDEWAYS zone and traders can hold long positions until Gold closes below 29700 levels. below  29700  levels could see price testing 29600.

	R2	R1	S1		S2	TREND
GOLD	29950	29850	29700		29600	BULLISH

Silver: Silver trading range for the day is 39250-38600. Technically Silver is getting

WEEKLY TRADING TIPS FOR 22-25 JAN 2018

Gold: Gold trading range for the day is 29900-29400. Gold is getting support at 29570 and below same could see a test of 29400 level, And resistance is now likely to be seen at 29770, a move above could see prices testing 29900. Gold is trading into SIDEWAYS zone and traders can hold long positions until Gold closes below 29570 levels. below  29570  levels could see price testing 29400.

	R2	R1	S1		S2	TREND
GOLD	29900	29770	29570		29400	BULLISH

Silver: Silver trading range for the day is 39600-38500. Technically Silver is getting

COMMODITY TRADING TIPS FOR 18-19 JAN 2018

YESTERDAY'S CALL UPDATE:

GOLD HIT  TGT 29600 MADE HIGH OF 29550!!!

Gold: Gold trading range for the day is 29800-29400. Gold is getting support at 29550 and below same could see a test of 29400 level, And resistance is now likely to be seen at 29670, a move above could see prices testing 29800. Gold is trading into SIDEWAYS zone and traders can hold long positions until Gold closes below 29550 levels. below  29550  levels could see price testing 29800.

	R2	R1	S1		S2	TREND
GOLD	29800	29670	29550		29400	BULLISH

Silver: Silver trading range for the day is 39400-38700. Technically Silver is getting

COMMODITY TRADING TIPS FOR 16-17 JAN 2018

Gold: Gold trading range for the day is 29990-29600. Gold is getting support at 29730 and below same could see a test of 29600 level, And resistance is now likely to be seen at 29830, a move above could see prices testing 29900,29950. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29700 levels. Traders can initiate long  positions on every dips until Gold closes below  29700  levels.

	R2	R1	S1		S2	TREND
GOLD	29990	29830	29700		29600	BULLISH

Silver: Silver trading range for the day is 39800-38800. Technically Silver is getting

COMMODITY TRADING TIPS FOR 16-17 JAN 2018

YESTERDAY'S CALL UPDATE:

GOLD HIT  TGT 29750 MADE HIGH OF 29850!!!

SILVER NEAR TGT 39700 MADE HIGH OF 39693

Gold: Gold trading range for the day is 29990-29600. Gold is getting support at 29740 and below same could see a test of 29600 level, And resistance is now likely to be seen at 29850, a move above could see prices testing 29900,29950. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29700 levels. Traders can initiate long  positions on every dips until Gold closes below  29700  levels.

	R2	R1	S1		S2	TREND
GOLD	29990	29850	29700		29600	BULLISH

Silver: Silver trading range for the day is 40200-38300. Technically Silver is getting