22 May 2017

BULLION OUTOOK FOR 22-23 MAY 2017

BUY GOLD @ 28600 SL 28500 TGT 28780-28950.

BUY SILVER @ 39000 SL 38780 TGT 39320-39560.

Gold: Gold trading range for the day is 28395-28905. Technically market is under long liquidation as market has witnessed drop in open interest by -2.46% to settled at 4077 while prices down -70 rupees, now Gold is getting support at 28515 and below same could see a test of 28395 level, And resistance is now likely to be seen at 28770, a move above could see prices testing 28905. Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28544 levels. Traders can initiate long positions on every dip until Gold Future closes below 28544 levels. 
           
R2
R1
S1
S2
TREND
GOLD
28850
28700
28500
28300
Bullish
Silver: Silver trading range for the day is 38631-39465.Technically market is under short covering as market has witnessed drop in open interest by -3.54% to settled at 18216 while prices up 222 rupees, now Silver is getting support at 38871 and below same could see a test of 38631 level, And resistance is now likely to be seen at 39288, a move above could see prices testing 39465.Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38674 levels.
           
R2
R1
S1
S2
  TREND
SILVER
38650
38500
38300
38000
  Bullish

19 May 2017

WEEKLY BULLION OUTLOOK FOR 22-26 MAY 2017

SELL GOLD @ 28850 SL 29000 TGT 28680-28550.

 SELL SILVER @ 39100 SL 39400 TGT 38800-38650.

Gold: Gold trading range for the day is 28322-29196. Technically market is under short covering as market has witnessed drop in open interest by -14.66% to settled at 4180 while prices up 86 rupees, now Gold is getting support at 28514 and below same could see a test of 28322 level, And resistance is now likely to be seen at 28951, a move above could see prices testing 29196. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28544 levels. Traders can initiate long positions on every dip until Gold closes below 28544 levels.
           
R2
R1
S1
S2
TREND
GOLD
28226
28150
28050
27950
Bearish
Silver: Silver trading range for the day is 38101-39769.Technically market is getting support at 38495 and below same could see a test of 38101 level, And resistance is now likely to be seen at 39329, a move above could see prices testing 39769. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38674  levels.
           
R2
R1
S1
S2
  TREND
SILVER
38500
38300
38100
37900
  Bearish

18 May 2017

BULLION OUTLOOK FOR 18-19 MAY 2017

yesterday’s CALL UPDATE:
silver HIT all TGT 38700 MADE low OF 38629!!!
Gold: Gold trading range for the day is 27968-28198. Technically market is under short covering as market has witnessed drop in open interest by -8.01% to settled at 6119 while prices up 102 rupees, now Gold is getting support at 28031 and below same could see a test of 27968 level, And resistance is now likely to be seen at 28146, a move above could see prices testing 28198. Gold has entered into positive zone and traders can hold long positions until Gold  closes below 28183 levels. Traders can initiate long positions on every dip until Gold Future closes below 28183 levels.

           
R2
R1
S1
S2
TREND
GOLD
29120
29000
28900
28800
BULLISH
Silver: Silver trading range for the day is 38505-38895. Technically market is under fresh buying as market has witnessed gain in open interest by 1.21% to settled at 19606 while prices up 242 rupees, now Silver is getting support at 38625 and below same could see a test of 38505 level, And resistance is now likely to be seen at 38820, a move above could see prices testing 38895. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38674  levels.
           
R2
R1
S1
S2
  TREND
SILVER
39500
39200
39000
38900
  BULLISH

17 May 2017

TECHNICAL BULLION CALL FOR 17-18 MAY 2017

SELL GOLD 28350 SL 28510 TGT 28200-28100.

SELL SILVER 39200 SL 39500 TGT 38900-38700.

Gold: Gold trading range for the day is 27879-28199. Technically market is getting support at 27936 and below same could see a test of 27879 level, And resistance is now likely to be seen at 28096, a move above could see prices testing 28199. Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28226 levels. Traders can initiate short positions on every rise until Gold Future closes above 28226 levels.
           
R2
R1
S1
S2
TREND
GOLD
28420
28350
28250
28100
Bullish
Silver: Silver trading range for the day is 37886-39192. Technically market is getting support at 38194 and below same could see a test of 37886 level, And resistance is now likely to be seen at 38847, a move above could see prices testing 39192. Silver has entered into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38192  levels. 
           
R2
R1
S1
S2
  TREND
SILVER
39500
39200
38900
38500
  Bullish

16 May 2017

BULLION TECHNICAL OUTLOOK FOR 16-17 MAY 2017

yesterda’s CALL UPDATE:
GOLD HIT TGT 28140 MADE low OF 28142!!!
silver HIT all TGT 38560 MADE low OF 38880!!!
Gold: Gold trading range for the day is 27879-28199. Technically market is getting support at 27936 and below same could see a test of 27879 level, And resistance is now likely to be seen at 28096, a move above could see prices testing 28199. Gold is trading into negative zone and traders can hold short positions until Gold closes above 28226 levels. Traders can initiate short positions on every rise until Gold Future closes above 28226 levels.

           
R2
R1
S1
S2
TREND
GOLD
28180
28100
28050
27950
Bullish
Silver: Silver trading range for the day is 37886-39192. Technically market is getting support at 38194 and below same could see a test of 37886 level, And resistance is now likely to be seen at 38847, a move above could see prices testing 39192. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels
           
R2
R1
S1
S2
  TREND
SILVER
38850
38750
38500
38300
  Bullish

15 May 2017

BULLION OUTLOOK FOR 15-16 MAY 2017

weekly CALL UPDATE:
silver HIT all TGT 38300 MADE low OF 38531!!!

BUY GOLD @ 28056 SL 27960 TGT 28140-28260.

BUY SILVER @ 38180 SL 37980 TGT 38360-38560.

Gold: Gold trading range for the day is 27878-28192. Technically now Gold is getting support at 27941 and below same could see a test of 27878 level, And resistance is now likely to be seen at 28098, a move above could see prices testing 28192. Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28226 levels. Traders can initiate short positions on every rise until Gold Future closes above 28226 levels.

           
R2
R1
S1
S2
TREND
GOLD
28226
28150
28000
27900
BULLISH
Silver: Silver trading range for the day is 37980-38380. Technically now Silver is getting support at 38067 and below same could see a test of 37980 level, And resistance is now likely to be seen at 38267, a move above could see prices testing 38380. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.
           
R2
R1
S1
S2
  TREND
SILVER
38500
38300
38350
38300
  BULLISH