BULLION TRADING LEVELS FOR 02 MAY 2018

Gold:  Gold trading range for the day is 31450-30900. Gold is getting support at 31000 and below same could see a test of 30900 level, And resistance is now likely to be seen at 31200, a move above could see prices testing 31400 . Gold closed flat on Friday, but is likely to revisit five-week lows .On the daily chart, price has taken a support of lower Bollinger band, which indicate reversal in price . In addition, price has sustained above 100 days SMA ;which intimate medium term trend remains bullish. Therefore, we expect positive movement in the gold towards 31350

	R2	R1	S1		S2	TREND
GOLD	31400	31200	31000		30900	SIDEWAYS

Silver: Silver trading range for the day is 39400-38400. Technically Silver is getting support at 38750 and below same could see a test of 38400 level, And resistance is now

WEEKLY BULLION TRADING LEVELS FOR 30 APR- 04 MAY 2018

Gold:  Gold trading range for the day is 31500-30900. Gold is getting support at 31100 and below same could see a test of 30900 level, And resistance is now likely to be seen at 31250, a move above could see prices testing 31500 . Gold closed flat on Thursday, Gold fell on Wednesday, driven lower by a rising U.S. dollar and bond yields. On the daily chart, price has taken a support of middle Bollinger band, which indicate reversal in price . Forthermore, price has sustained above 50 days SMA ; which intimate medium term trend remains bullish. Therefore, we expect positive movement in the gold towards 31550.

	R2	R1	S1		S2	TREND
GOLD	31500	31250	31100		30900	SIDEWAYS

Silver: Silver trading range for the day is 39700-38800. Technically Silver is getting support at 39150 and below same could see a test of 38800 level, And resistance is now

BULLION TRADING LEVELS FOR 27 APR 2018

Gold: Gold trading range for the day is 31700-31200. Gold is getting support at 31350 and below same could see a test of 31200 level, And resistance is now likely to be seen at 31550, a move above could see prices testing 31750 .Gold closed flat on Wednesday, Gold fell on Wednesday, driven lower by a rising U.S. dollar and bond yields. On the daily chart, price has taken a support of middle Bollinger band, which indicate reversal in price. Forthermore, price has sustained above 50 days SMA ; which intimate medium term trend remains bullish. Therefore, we expect positive movement in the gold towards 31550.

	R2	R1	S1		S2	TREND
GOLD	31700	31550	31350		31200	SIDEWAYS

Silver:Silver trading range for the day is 40900-39900. Technically Silver is getting support at 40150 and below same could see a test of 39900 level, And resistance is now

BULLION TRADING LEVELS FOR 26 APR 2018

Gold: Gold trading range for the day is 31550-31100. Gold is getting support at 31250 and below same could see a test of 31100 level, And resistance is now likely to be seen at 31400, a move above could see prices testing 31550. Gold was lower on Monday, weighed down by a strengthening U.S. dollar and a rise in U.S. Treasury yields. On the daily chart, Gold price has been retreated form upper band of “Bollinger Pattern” on daily chart. Which indicate further downtrend in the counter. Furthermore, A momentum indicator RSI has shown negative crossover on Daily chart. which intimate negative sentiment in the prices. Therefore, we expect negative movement in the gold towards 31150.

	R2	R1	S1		S2	TREND
GOLD	31550	31400	31250		31100	SIDEWAYS

Silver:Silver trading range for the day is 39750-39000. Technically Silver is getting support at 39200 and below same could see a test of 39000 level, And resistance is now

BULLION OUTLOOK FOR 25 APRIL 2018

Gold: Gold trading range for the day is 31550-31150. Gold is getting support at 31300 and below same could see a test of 31150 level, And resistance is now likely to be seen at 31400, a move above could see prices testing 31550. Gold futures were slightly lower on Friday, in the absence of first-tier US economic data. On the daily chart, prices has taken support of 21 day SMA which indicate bullishness in the price. In addition, Price has also found the support at Middle Bollinger Band formation and shifted in to positive zone after correction. Furthermore, A momentum indicator RSI and MACD has shown positive crossover on Daily chart. which intimate positive sentiment in the prices. Therefore, we expect bullish movement in the gold towards 31700.

	R2	R1	S1		S2	TREND
GOLD	31550	31400	31300		31200	SIDEWAYS

Silver: Silver trading range for the day is 40500-39700. Technically Silver is getting support at 40000 and below same could see a test of 39800 level, And resistance is now

WEEKLY BULLION TRADING LEVELS FOR 23-27 APR 2018

18 APR 2018 CALL UPDATE:

silver ACHIEVED TGT 40100 !!

Gold: Gold trading range for the day is 31700-31200. Gold is getting support at 31350 and below same could see a test of 31200 level, And resistance is now likely to be seen at 31550, a move above could see prices testing 31750. Gold futures traded flat Thursday, as Gold remained slightly softer Thursday after news that the current general activity index in the Philadelphia Fed’s manufacturing business outlook survey rose to 23.2 in April from 22.3. In addition, A momentum indicator RSI (14) and MACD has shown positive crossover on Daily chart. which intimate positive sentiment in the prices. Therefore, we expect bullish movement in the gold towards 31700.

	R2	R1	S1		S2	TREND
GOLD	31700	31550	31350		31200	SIDEWAYS

Silver:Silver trading range for the day is 40900-39900. Technically Silver is getting support at 40150 and below same could see a test of 39900 level, And resistance is now

BULLION OUTLOOK FOR 19 APR 2018

silver HIT TGT 39500 MADE HIGH OF 39750 

Gold: Gold trading range for the day is 31600-31100. Gold is getting support at 31250 and below same could see a test of 31100 level, And resistance is now likely to be seen at 31450, a move above could see prices testing 31600. Gold futures traded up Tuesday, as Gold and silver stage a smart recovery ahead of anticipated sales on Akshaya Tritiya. Moreover, price has given “ascending channel” breakout at 31150 and continuous sustaining above that level, which indicate a reversal move in the prices. In addition, A momentum indicator RSI (14) and MACD has shown positive crossover on Daily chart. which intimate positive sentiment in the prices. Therefore, we expect bullish movement in the gold towards 31450.

	R2	R1	S1		S2	TREND
GOLD	31600	31450	31250		31100	SIDEWAYS

Silver:Silver trading range for the day is 40100-39000. Technically Silver is getting support at 39250 and below same could see a test of 39000 level, And resistance is now likely to be

BULLION OUTLOOK FOR 18 APR 2018

Gold: Gold trading range for the day is 31550-31050. Gold is getting support at 31200 and below same could see a test of 31050 level, And resistance is now likely to be seen at 31400, a move above could see prices testing 31550. Gold futures traded up Monday, as the dollar fell, but gains were muted as financial markets bet that air strikes on Syria would not escalate into a wider conflict. Moreover, price has taken middle Bollinger band support a at 30950. which indicate a reversal move in the prices. In addition, A momentum indicator RSI (14) and MACD has shown positive crossover on Daily chart. which intimate positive sentiment in the prices. Therefore, we expect bullish movement in the gold towards 31400.

	R2	R1	S1		S2	TREND
GOLD	31550	31400	31200		31050	SIDEWAYS

Silver: Silver trading range for the day is 39500-38800. Technically Silver is getting support at 39000 and below same could see a test of 38800 level, And resistance is now

BULLION OUTLOOK FOR 17 APR 2018

YESTERDAY’S CALL UPDATE:

GOLD HIT TGT 31300 MADE HIGH OF 31355!!!

SILVER HIT  TGT 39300!! 

Gold: Gold trading range for the day is 31500-30900. Gold is getting support at 31150 and below same could see a test of 30900 level, And resistance is now likely to be seen at 31350, a move above could see prices testing 31500.

31300.

	R2	R1	S1		S2	TREND
GOLD	31500	31350	31150		30900	SIDEWAYS

Silver:Silver trading range for the day is 39500-38500. Technically Silver is getting support at 38850 and below same could see a test of 38500 level, And resistance is now likely to be

WEEKLY BULLION OUTLOOK FOR 16-20 APR 2018

YESTERDAY’S CALL UPDATE:

GOLD HIT TGT 31000 MADE HIGH OF 30934!!!

silver HITBUY TGT 38550 !! 

Gold: Gold trading range for the day is 31300-30600. Gold is getting support at 30900 and below same could see a test of 30600 level, And resistance is now likely to be seen at 31100, a move above could see prices testing 31300. Gold prices closed down on Thursday as Gold prices slid Thursday, erasing their Wednesday advance as worries about a clash between U.S. and Russian military forces in Syria faded. Moreover, price has also slipped from upper Bollinger band and has taken trend support at 30900. which indicate a reversal move in the prices. In addition, A momentum indicator RSI (14) and MACD has shown positive crossover on Daily chart. which intimate positive sentiment in the prices. Therefore, we expect bullish movement in the gold towards 31300.

	R2	R1	S1		S2	TREND
GOLD	31300	31100	30900		30600	SIDEWAYS

Silver:Silver trading range for the day is 39300-38200. Technically Silver is getting support at 38550 and below same could see a test of 38200 level, And resistance is now likely to be