19 February 2018

BULLION TRADING RANGE FOR 19-20 FEB 2018


Gold: Gold trading range for the day is 30880-30650. Gold is getting support at 30700 and below same could see a test of 30650 level, And resistance is now likely to be seen at 30800, a move above could see prices testing 30880. Gold is trading into positive zone and traders can hold long positions until Gold closes below 30700 levels. Traders can initiate long  positions on every dips until Gold closes below  30700  levels.
           
R2
R1
S1
S2
TREND
GOLD
30880
30800
30700
30600
BULLISH
Silver: Silver trading range for the day is 39050-38300. Technically Silver is getting support at 38500 and below same could see a test of 38300 level, And resistance is now likely to be seen at 38700, a move above could see prices testing 38900. 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
38900
38700
38500
38300
  BULLISH

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