4 May 2018

WEEKLY BULLION TRADING LEVELS FOR 07 -11 MAY 2018

Gold: Gold trading range for the day is 31250-30750. Gold is getting support at 30950 and below same could see a test of 30750 level, And resistance is now likely to be seen at 31100, a move above could see prices testing 31250 . trend remains bullish. Therefore, we expect positive movement in the gold towards 31300.
           
R2
R1
S1
S2
TREND

GOLD
31250
31100
30950
30750
SIDEWAYS
Silver:Silver trading range for the day is 40000-39200. Technically Silver is getting support at 39500 and below same could see a test of 39200 level, And resistance is now likely to be seen at 39700, a move above could see prices testing 40000.
           
R2
R1
S1
S2
  TREND
SILVER
40000
39700
39500
39200
  SIDEWAYS

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