20 January 2017

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


19 January 2017

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

18 January 2017

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

17 January 2017

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

16 January 2017

BULLION OUTLOOK FOR 06-17 JAN 2017

BUY GOLD FEB @ 28350 SL 28200 TGT 28480-28600.

BUY SILVER MAR @ 40780 SL 40550 TGT 40980-41200.

Gold:  Gold trading range for the day is 28153-28553. On hourly chart, MCX Gold price has taken support of its rising trend line at 27270 levels. In addition, MCX Gold prices have been trading above its 50 HEMA on hourly chart. Moreover, Momentum Indicator RSI have shown bullish range shift on hourly chart, which gives the sign of bullishness in the prices. For now we expect prices should move higher towards 28800 levels in the coming trading sessions.
Outlook: Technically market is under long liquidation as market has witnessed drop in open interest by -2.4% to settled at 7108 while prices down -13 rupee, now Gold is getting support at 28266 and below same could see a test of 28153 level, And resistance is now likely to be seen at 28466, a move above could see prices testing 28553.
           
R2
R1
S1
S2
TREND
GOLD
28800
28600
28500
28350
SIDEWAYS
Silver: Silver trading range for the day is 40372-41324. On hourly chart, MCX Silver prices has been trading in rising channel pattern and prices have been taking support of lower band of pattern at 40520 levels. In addition, momentum indicator RSI has taken support of its rising trend line at 53 levels on 4 hourly chart, which indicates strength in the prices. For now we expect prices to move higher towards 42700 levels in few trading sessions.
Outlook:  Technically market is under short covering as market has witnessed drop in open interest by -1.32% to settled at 13544 while prices up 28 rupee, now Silver is getting support at 40630 and below same could see a test of 40372 level, And resistance is now likely to be seen at 41106, a move above could see prices testing 41324.
           
R2
R1
S1
S2
TREND
SILVER
41500
41300
41000
40800 
SIDEWAYS