8 February 2018

BULLION TRADING RANGE FOR 08-09 FEB 2018

YESTERDAY’S CALL UPDATE:
GOLD HIT  TGT 30000 MADE low OF 29808!!!
silver HIT  TGT 38000 MADE low OF 37591!!!
Gold: Gold trading range for the day is 30150-29600. Gold is getting support at 29800 and below same could see a test of 29600 level, And resistance is now likely to be seen at 30000, a move above could see prices testing 30150. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30000 levels. Traders can initiate short positions on every rise until Gold closes above  30000  levels.
           
R2
R1
S1
S2
TREND
GOLD
30150
30000
29800
29600
Bearish
Silver: Silver trading range for the day is 38100-37000. Technically Silver is getting support at 37550 and below same could see a test of 37200 level, And resistance is now likely to be seen at 37800, a move above could see prices testing 38100. Silver is trading into negative zone and traders can go short at every rise or hold short  positions until Silver closes above 37800  levels.
           
R2
R1
S1
S2
  TREND
SILVER
38100
37800
37550
37200
  Bearish

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