TECHNICALLY BULLION OUTLOOK FOR 23-24 JAN 2017

BUY GOLD DEC @ 28750 SL 28650 TGT 28850-28920.

BUY SILVER DEC @ 41700 SL 41500 TGT 41850-42000.

Gold: Technically market is under short covering as market has witnessed drop in open interest by -2.4% to settled at 6589 while prices up 97 rupee, now Gold is getting support at 28540 and below same could see a test of 28455 level, And resistance is now likely to be seen at 28703, a move above could see prices testing 28781.

Outlook: Gold trading range for the day is 28455-28781. Demand for gold was also boosted by data showing that China’s gross domestic product rose 6.8% in the fourth quarter of 2016, in line with expectations

	R2	R1	S1		S2	TREND
GOLD	28930	28850	28720		28650	SIDEWAYS

Silver: Technically market is under short covering as market has witnessed drop in open interest by -0.65% to settled at 13024 while prices up 155 rupee, now Silver is getting support at 41150 and below same could see a test of 40874 level, And resistance is now likely to be seen at 41654, a move above could see prices testing 41882.

Outlook:  Silver trading range for the day is 40874-41882. Silver gained as the dollar fell and U.S. Treasury yields came off their highs after Donald Trump was sworn in as U.S. president.

	R2	R1	S1		S2	TREND
SILVER	42000	41850	41500		41200	SIDEWAYS

WEEKLY BULLION OUTLOOK FOR 23-27 JAN 2017

SIEMENS ROCKS HIT TGT 1155 

 SELL GIVEN AT 1179 TO GET SUCH CALL MORE 

CLICK HERE 

 BUY GOLD Feb 2017 @ 28520 SL 28400 TGT 28650-28780

BUY SILVER Mar 2017 @ 41250 SL 40950 TGT 41640-41900

Gold:  Gold trading range for the day is 28359-28731

Outlook: Technically market is under long liquidation as market has witnessed drop in open interest by -5% to settled at 6751 while prices down -263 rupee, now Gold is getting support at 28444 and below same could see a test of 28359 level, And resistance is now likely to be seen at 28630, a move above could see prices testing 28731.

	R2	R1	S1		S2	TREND
GOLD	31000	30650	30500		30000	BULLISH

Silver: Silver trading range for the day is 40421-42129

Outlook:  Technically market is under long liquidation as market has witnessed drop in open interest by -4% to settled at 13109 while prices down - 727 rupee, now Silver is getting support at 40846 and below same could see a test of 40421 level, And resistance is now likely to be seen at 41700, a move above could see prices testing 42129.

	R2	R1	S1		S2	TREND
SILVER	41800	41500	41200		41000	SIDEWAYS

BULLION OUTLOOK FOR 19-20 JAN 2017

SELL GOLD FEB @ 28800 SL 29000 TGT 28640-28640.

BUY SILVER DEC @ 43800 SL 43480 TGT 44180-44450.

Gold:  On hourly chart, MCX Gold prices has been trading in rising channel pattern and price has faced resistance of its upper band of channel pattern at 27830 levels. COMEX Gold prices have been faced resistance of its horizontal trend line at $1217 levels on daily chart. Moreover, Momentum Indicator RSI has shown negative divergence on hourly chart. For now we expect prices should move lower towards 28450 levels in the coming trading sessions

Outlook: Gold trading range for the day is 28614-28914. Technically market is under short covering as market has witnessed drop in open interest by -1.17% to settled at 7118 while prices up 53 rupee, now Gold is getting support at 28703 and below same could see a test of 28614 level, And resistance is now likely to be seen at 28853, a move above could see prices testing 28914

	R2	R1	S1		S2	TREND
GOLD	28880	28700	28500		28300	BEARISH

Silver: On hourly chart, MCX Silver prices has been trading in rising channel pattern and prices have been hovering around its upper band of pattern at 41850 levels. In COMEX Silver prices have been facing resistance of its $17.28 levels on hourly chart. In addition, momentum indicator RSI has faced resistance of its horizontal trend line at 75 levels on hourly chart, which indicates lack of strength in the prices. For now we expect prices to move lower towards 40900 levels in few trading sessions.

Outlook:  Silver trading range for the day is 41295-42437. Technically now Silver is getting support at 41646 and below same could see a test of 41295 level, And resistance is now likely to be seen at 42217, a move above could see prices testing 42437.

	R2	R1	S1		S2	TREND
SILVER	42000	41800	41500		41200	BEARISH

BULLION OUTLOOK FOR 18-19 JAN 2017

CALL UPDATE: given on 16 jan

GOLD HIT all TGT 28600 MADE HIGH OF 28776 !!!

silver HIT all TGT 41200 MADE HIGH OF 41780!!!
Gold:  Gold trading range for the day is 28490-28900. Technically market is getting support at 28614 and below same could see a test of 28490 level, And resistance is now likely to be seen at 28819, a move above could see prices testing 28900.

Outlook: On hourly chart, MCX Gold prices has been trading in rising channel pattern and price has faced resistance of its upper band of channel pattern at 27790 levels. Moreover, Momentum Indicator MACD has shown negative crossover on hourly chart. For now we expect prices should move lower towards 28400 levels in the coming trading sessions

	R2	R1	S1		S2	TREND
GOLD	28900	28780	28670		28550	SIDEWAYS

Silver: Silver trading range for the day is 40794-42182. Technically market is getting support at 41196 and below same could see a test of 40794 level, And resistance is now likely to be seen at 41890, a move above could see prices testing 42182.

Outlook:  On hourly chart, MCX Silver prices has been trading in rising channel pattern and prices have been hovering around its upper band of pattern at 41850 levels. In addition, momentum indicator RSI has faced resistance of its horizontal trend line at 60 levels on daily chart, which indicates lack of strength in the prices. For now we expect prices to move lower towards 40900 levels in few trading sessions.

	R2	R1	S1		S2	TREND
SILVER	40950	40700	40500		40200	SIDEWAYS

BULLION OUTLOOK FOR 17-18 JAN 2017

Gold:  Gold trading range for the day is 28372-28686. Technically market is under short covering and getting support at 28451 and below same could see a test of 28372 level, And resistance is now likely to be seen at 28608, a move above could see prices testing 28686.

Outlook: On daily chart, MCX Gold price has faced resistance of its horizontal trend line at 27640 levels. In addition, MCX Gold prices have been trading below its 60 DEMA on daily chart. Moreover, Momentum Indicator RSI have been faced resistance of its horizontal lime at 68 levels on daily chart. For now we expect prices should move lower towards 28150 levels in the coming trading sessions.

	R2	R1	S1		S2	TREND
GOLD	29000	28800	28600		28500	SIDEWAYS

Silver: Silver trading range for the day is 40643-41435. Technically market is under fresh buying as market has witnessed gain in open interest by 1.14% to settled at 13698 while prices up 73 rupee, now Silver is getting support at 40801 and below same could see a test of 40643 level, And resistance is now likely to be seen at 41197, a move above could see prices testing 41435.

Outlook:  On hourly chart, MCX Silver prices has been trading in falling wedge pattern and prices have been facing resistance of upper band of pattern at 41350 levels.. In addition, momentum indicator RSI has faced resistance of its horizontal trend line at 60 levels on daily chart, which indicates lack of strength in the prices. For now we expect prices to move lower towards 40300 levels in few trading sessions.

	R2	R1	S1		S2	TREND
SILVER	41800	41600	41400		41000	SIDEWAYS