WEEKLY BULLION TRADING RANGE FOR 19-23 FEB 2018

YESTERDAY’S CALL UPDATE:

gold hit target 30780 made high of 30838
SILVER HIT TGT 38850 MADE HIGH OF 38870 !!

Gold: Gold price has moved above the horizontal line which it was earlier finding resistance. On the lower end price found support at the 21 EMA on the daily chart and moved up smartly. On the higher end price moved above 200 DEMA on hourly chart. In addition, price has given “ascending triangle” breakout on the hourly chart. Hourly RSI (14) is in bullish crossover. For the day bias is expected to remain strong.
Gold trading range for the day is 30950-30450. Gold is getting support at 30650 and below same could see a test of 30450 level, And resistance is now likely to be seen at 30840, a move above could see prices testing 30950. Gold is trading into positive zone and traders can hold long positions until Gold closes below 30650 levels. Traders can initiate long

BULLION TRADING RANGE FOR 15-16 FEB 2018

YESTERDAY’S CALL UPDATE:

silver HIT TGT 38550 MADE HIGH OF 38840 !!

Gold: Gold trading range for the day is 30780-30450. Gold is getting support at 30550 and below same could see a test of 30450 level, And resistance is now likely to be seen at 30680, a move above could see prices testing 30780. Gold is trading into positive zone and traders can hold long positions until Gold closes below 30550 levels. Traders can initiate long  positions on every dips until Gold closes below  30500  levels.

	R2	R1	S1		S2	TREND
GOLD	30780	30680	30550		30450	BULLISH

Silver: Silver trading range for the day is 39050-38400. Technically Silver is getting support at 38600 and below same could see a test of 38400 level, And resistance is now likely to be seen at 38850, a move above could see prices testing 39050. Silver is trading into positive zone and traders can go long at every dips or hold long  positions until Silver closes below 38600  levels.

	R2	R1	S1		S2	TREND
SILVER	39050	38850	38600		38400	BULLISH

BULLION TRADING RANGE FOR 14-15 FEB 2018

Gold: Gold trading range for the week would be 30450-30000. Gold is getting support at 30200 and below same could see a test of 30000 level, And resistance is now likely to be seen at 30350, a move above could see prices testing 30450. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30200 levels. Traders can initiate short positions on every rise until Gold closes above  30200  levels.

	R2	R1	S1		S2	TREND
GOLD	30450	30350	30200		30000	Bearish

Silver: Silver trading range for the day is 38550-37850. Technically Silver is getting support at 38100 and below same could see a test of 37850 level, And resistance is now likely to be seen at 38350, a move above could see prices testing 38550. Silver is trading into negative zone and traders can go short at every rise or hold short  positions until Silver closes above 38350  levels.

	R2	R1	S1		S2	TREND
SILVER	38550	38350	38100		37850	Bearish

BULLION TRADING RANGE FOR 14-15 FEB 2018

Gold: Gold trading range for the week would be 30250-29800. Gold is getting support at 30000 and below same could see a test of 29800 level, And resistance is now likely to be seen at 30150, a move above could see prices testing 30250. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30000 levels. Traders can initiate short positions on every rise until Gold closes above  30000  levels.

	R2	R1	S1		S2	TREND
GOLD	30250	30150	30000		29800	Bearish

Silver: Silver trading range for the day is 38400-37450. Technically Silver is getting support at 37750 and below same could see a test of 37450 level, And resistance is now likely to be seen at 38100, a move above could see prices testing 38400. Silver is trading into negative zone and traders can go short at every rise or hold short  positions until Silver closes above 38100  levels.

	R2	R1	S1		S2	TREND
SILVER	38400	38100	37750		37450	Bearish

WEEKLY BULLION TRADING RANGE FOR 12-16 FEB 2018

Gold: Gold trading range for the week would be 30250-29600. Gold is getting support at 29900 and below same could see a test of 29700 level, And resistance is now likely to be seen at 30150, a move above could see prices testing 30250. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30150 levels. Traders can initiate short positions on every rise until Gold closes above  30150  levels.

	R2	R1	S1		S2	TREND
GOLD	30250	30150	29900		29700	Bearish

Silver: Silver trading range for the day is 38500-37400. Technically Silver is getting support at 37700 and below same could see a test of 37400 level, And resistance is now likely to be seen at 38100, a move above could see prices testing 38500. Silver is trading into negative zone and traders can go short at every rise or hold short  positions until Silver closes above 38100  levels.

	R2	R1	S1		S2	TREND
SILVER	38500	38100	37700		37400	Bearish

BULLION TRADING RANGE FOR 08-09 FEB 2018

YESTERDAY’S CALL UPDATE:

GOLD HIT  TGT 30000 MADE low OF 29808!!!

silver HIT  TGT 38000 MADE low OF 37591!!!

Gold: Gold trading range for the day is 30150-29600. Gold is getting support at 29800 and below same could see a test of 29600 level, And resistance is now likely to be seen at 30000, a move above could see prices testing 30150. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30000 levels. Traders can initiate short positions on every rise until Gold closes above  30000  levels.

	R2	R1	S1		S2	TREND
GOLD	30150	30000	29800		29600	Bearish

Silver: Silver trading range for the day is 38100-37000. Technically Silver is getting support at 37550 and below same could see a test of 37200 level, And resistance is now likely to be seen at 37800, a move above could see prices testing 38100. Silver is trading into negative zone and traders can go short at every rise or hold short  positions until Silver closes above 37800  levels.

	R2	R1	S1		S2	TREND
SILVER	38100	37800	37550		37200	Bearish

BULLION TRADING RANGE FOR 07-08 FEB 2018

Gold: Gold trading range for the day is 30400-30000. Gold is getting support at 30180 and below same could see a test of 30000 level, And resistance is now likely to be seen at 30250, a move above could see prices testing 30400. Gold is trading into positive zone and traders can hold long positions until Gold closes below 30180 levels. Traders can initiate long  positions on every dips until Gold closes below  30180  levels.

	R2	R1	S1		S2	TREND
GOLD	30400	30250	30180		30000	BULLISH

Silver: Silver trading range for the day is 39000-38000. Technically Silver is getting support at 38400 and below same could see a test of 38000 level, And resistance is now likely to be seen at 38600, a move above could see prices testing 39000. Silver is trading into positive zone and traders can go long at every dips or hold long  positions until Silver closes below 38400  levels.

	R2	R1	S1		S2	TREND
SILVER	39000	38600	38400		38000	BULLISH