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
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|||
GOLD
|
31300
|
31100
|
30900
|
30600
|
SIDEWAYS
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||
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
seen at 38850,
a move above could see prices testing 39100. MCX Silver price down up on
Thursday. On a daily Chart MCX Silver has taken support of Ichimoku cloud;
which indicate a reversal move in the prices. In addition, A momentum indicator
RSI (14) and MACD has shown positive crossover on Daily chart. Moreover, price
has moved above 21days SMA on the daily chart after several days, which
signifies bullish sentiments in the counter. Therefore, we expect bullish
movement in silver towards 39300.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
39300
|
38850
|
38550
|
38200
|
SIDEWAYS
|
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