17 January 2018

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
support at 39200 and below same could see a test of 38800 level, And resistance is now likely to be seen at 39500, a move above could see prices testing 39800. Silver is trading into positive zone and traders can go long at every dips or hold long  positions until Silver closes below 38500  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40200
39700
38500
38300
  BULLISH

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