31 January 2018

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

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