12 February 2018

BULLION TRADING RANGE FOR 14-15 FEB 2018


Gold: Gold trading range for the week would be 30250-29800. Gold is getting support at 30000 and below same could see a test of 29800 level, And resistance is now likely to be seen at 30150, a move above could see prices testing 30250. 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
30250
30150
30000
29800
Bearish
Silver: Silver trading range for the day is 38400-37450. Technically Silver is getting support at 37750 and below same could see a test of 37450 level, And resistance is now likely to be seen at 38100, a move above could see prices testing 38400. Silver is trading into negative zone and traders can go short at every rise or hold short  positions until Silver closes above 38100  levels.
           
R2
R1
S1
S2
  TREND
SILVER
38400
38100
37750
37450
  Bearish

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