20 April 2018

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
likely to be seen at 40450, a move above could see prices testing 40700. Silver price closed flat on Thursday. On a daily Chart, price has given “symmetrical pattern” upside breakout; which indicate a further bullishness in price . In addition, A momentum indicator RSI (14) and MACD has shown positive crossover on Daily chart. Therefore, we expect bullish movement in silver towards 40900.
           
R2
R1
S1
S2
  TREND
SILVER
40700
40450
40150
38900
  SIDEWAYS

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