28 March 2017

BULLION OUTLOOK FOR 28-29 MARCH

CALL UPDATE: GIVEN ON 24 MARCH
GOLD RAISE SL TO COST FOR FINAL TGT 29100!!!
silver HIT all TGT 42000 MADE HIGH OF 42139!!!
Gold: Gold trading range for the day is 28660-29012. Technically market is under short covering as market has witnessed drop in open interest by -4.99% to settled at 3999, now Gold is getting support at 28734 and below same could see a test of 28660 level, And resistance is now likely to be seen at 28910, a move above could see prices testing 29012. Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.
           
R2
R1
S1
S2
TREND
GOLD
28950
28860
28700
28600
BULLISH
Silver: Silver trading range for the day is 41472-42478. Technically market is under short covering as market has witnessed drop in open interest by -7.94% to settled at 11633 while prices up 592 rupees, now Silver is getting support at 41797 and below same could see a test of 41472 level, And resistance is now likely to be seen at 42300, a move above could see prices testing 42478. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41417 levels. Traders can go short once Silver Future closes below 41417 levels.
           
R2
R1
S1
S2
  TREND
SILVER
42250
42150
42000
41900
  BULLISH

27 March 2017

WEEKLY CALL UPDATE:

GOLD HIT TGT 28900 MADE HIGH OF 28924 !!!
silver HIT TGT 41600 MADE HIGH OF 41840!!!

Gold and Silver hold for final target raise sl to cost price

Gold: Gold trading range for the day is 28650-28900. Technically market is under fresh selling as market has witnessed gain in open interest by 2.99% to settled at 4209, now Gold is getting support at 28722 and below same could see a test of 28650 level, And resistance is now likely to be seen at 28847, a move above could see prices testing 28900. Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.

           
R2
R1
S1
S2
TREND
GOLD
29000
28950
28800
28700
BULLISH
Silver: Silver trading range for the day is 41045-41861. Technically market is under short covering as market has witnessed drop in open interest by -5.76% to settled at 12636, now Silver is getting support at 41288 and below same could see a test of 41045 level, And resistance is now likely to be seen at 41696, a move above could see prices testing 41861. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40948 levels. Traders can go short once Silver Future closes below 40948 levels.
           
R2
R1
S1
S2
  TREND
SILVER
42000
41850
41650
41500
  BULLISH

24 March 2017

WEEKLY BULLION OUTOOK FOR 27-31 MARCH 2017

BUY GOLD @ 28700 SL 28500 TGT 28900-29100.

 BUY SILVER @ 41500 SL 41000 TGT 41600-42000.

yesterday’S BULLION CALL HOLD FOR MONDAY 
Gold: Gold trading range for the day is 28635-29031Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels. Technically market is under long liquidation as market has witnessed drop in open interest by -7.83% to settled at 4087 while prices down -85 rupees, now Gold is getting support at 28718 and below same could see a test of 28635 level, And resistance is now likely to be seen at 28916, a move above could see prices testing 29031.
           
R2
R1
S1
S2
TREND
GOLD
29200
29150
29080
28900
BULLISH
Silver:  Silver trading range for the day is 40989-41653.Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40874 levels. Traders can go short once Silver Future closes below 40874 levels. Technically market is under short covering as market has witnessed drop in open interest by -2.35% to settled at 13409 while prices up 67 rupees, now Silver is getting support at 41145 and below same could see a test of 40989 level, And resistance is now likely to be seen at 41477, a move above could see prices testing 41653.
           
R2
R1
S1
S2
  TREND
SILVER
42680
42570
42350
42000
  BULLISH

23 March 2017

BULLION OUTLOOK FOR 23-24 MARCH 2017

BUY GOLD @ 28850 SL 28700 TGT 28950-29100.

 BUY SILVER @ 41300 SL 41000 TGT 41500-41900.

Gold: Gold trading range for the day is 28746-28998. Technically market is under fresh buying as market has witnessed gain in open interest by 7.46% to settled at 4434 while prices up 34 rupees, now Gold is getting support at 28815 and below same could see a test of 28746 level, And resistance is now likely to be seen at 28941, a move above could see prices testing 28998. Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.
           
R2
R1
S1
S2
TREND
GOLD
29000
28900
28800
28650
BULLISH
Silver: Silver trading range for the day is 40930-41500. Technically  Now Silver is getting support at 41082 and below same could see a test of 40930 level, And resistance is now likely to be seen at 41367, a move above could see prices testing 41500. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40733 levels. Traders can go short once Silver Future closes below 40733 levels. 
           
R2
R1
S1
S2
  TREND
SILVER
42000
41500
41150
41000
  BULLISH

22 March 2017

BULLION OUTLOOK FOR 22-23 MARCH 2017

UPDATE: call given on 20 march 2017
GOLD HIT all TGT 28750 MADE HIGH OF 28913 !!!
silver HIT  TGT 41100 MADE HIGH OF 41348!!!
Gold: Gold trading range for the day is 28422-28640.Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28377 levels. Traders can initiate long positions on every dip until Gold Future closes below 28377 levels. Technically market is under long liquidation as market has witnessed drop in open interest by -1.62% to settled at 4618 while prices down -4 rupees, now Gold is getting support at 28463 and below same could see a test of 28422 level, And resistance is now likely to be seen at 28572, a move above could see prices testing 28640.
           
R2
R1
S1
S2
TREND
GOLD
28950
28850
28700
28600
BULLISH
Silver: Silver trading range for the day is 40662-41166Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40497 levels. Traders can go short once Silver Future closes below 40497 levels. Technically market is under fresh selling as market has witnessed gain in open interest by 2.15% to settled at 13949 while prices down -40 rupees, now Silver is getting support at 40766 and below same could see a test of 40662 level, And resistance is now likely to be seen at 41018, a move above could see prices testing 41166.
           
R2
R1
S1
S2
  TREND
SILVER
41500
41300
41050
40900
  BULLISH

21 March 2017

BULLION OUTLOOK FOR 21-22 MARCH 2017

YESTERDAY'S GOLD AND SILVER CALL HOLD FOR TOMORROW

Gold: Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28318 levels. Traders can initiate long positions on every dip until Gold Future closes below 28318 levels. Technically market is under long liquidation as market has witnessed drop in open interest by -1.62% to settled at 4618 while prices down -4 rupees, now Gold is getting support at 28463 and below same could see a test of 28422 level, And resistance is now likely to be seen at 28572, a move above could see prices testing 28640.
           
R2
R1
S1
S2
TREND
GOLD
28550
28480
28300
28000
BULLISH
Silver: Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40426 levels. Traders can go short once Silver Future closes below 40426 levels. Technically market is under fresh selling as market has witnessed gain in open interest by 2.15% to settled at 13949 while prices down -40 rupees, now Silver is getting support at 40766 and below same could see a test of 40662 level, And resistance is now likely to be seen at 41018, a move above could see prices testing 41166.
           
R2
R1
S1
S2
  TREND
SILVER
41000
40880
40600
40000
  BULLISH