18 October 2017

WISHING YOU A VERY HAPPY DIWALI !!!!!!!!!!!



May this auspicious festival bring you and your family health, wealth and success. "Wishing you a very Happy Diwali. May all have a super successful trading year."

Gold: Gold trading range for the day is 29900-29300. Gold is getting support at 29500 and below same could see a test of 29300 level, And resistance is now likely to be seen at 29700, a move above could see prices testing 29900. Gold has entered into a negative zone and traders can hold short positions until Gold closes above 29900 levels. Traders can initiate short positions on every rise until Gold closes above 29900 levels.

           
R2
R1
S1
S2
TREND
GOLD
29900
29700
29550
29400
Bearish
Silver: Silver trading range for the day is 40200-39400. Technically Silver is getting support at 39600 and below same could see a test of 39400 level, And resistance is now likely to be seen at 40000, a move above could see prices testing 40200.  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40000 levels
           
R2
R1
S1
S2
  TREND
SILVER
40200
40000
39600
39400
  Bearish

17 October 2017

BULLION OUTLOOK FOR 17-18 OCT 2017

May this auspicious festival bring you and your family health, wealth and success. "Wishing you a very Happy Diwali. May all have a super successful trading year."


Gold: Gold trading range for the day is 29550-29900. Gold is getting support at 29660 and below same could see a test of 29500 level, And resistance is now likely to be seen at 29800, a move above could see prices testing 29900. Gold is trading into a negative zone and traders can hold sell positions until Gold closes above 29800 levels. Traders can initiate short positions on every rise until Gold closes above 29800 levels.

16 October 2017

BULLION OUTLOOK FOR 16-17 OCT 2017

Gold: Gold trading range for the day is 30000-29700. Gold is getting support at 29800 and below same could see a test of 29650 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 sell 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
29650
Bearish
Silver: Silver trading range for the day is 41000-40000. Technically Silver is getting support at 40300 and below same could see a test of 40000 level, And resistance is now likely to be seen at 40600, a move above could see prices testing 41000. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 41000  levels.
           
R2
R1
S1
S2
  TREND
SILVER
41200
41000
40300
40000
  Bearish

13 October 2017

BULLION OUTLOOK FOR 16-20 OCT 2017


Gold: Gold trading range for the day is 30000-29600. Gold is getting support at 29750 and below same could see a test of 29500 level, And resistance is now likely to be seen at 29850, a move above could see prices testing 29950. Gold has entered into a 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
30000
29950
29730
29500
Bearish
Silver: Silver trading range for the day is 40700-40000. Technically Silver is getting support at 40190 and below same could see a test of 39500 level, And resistance is now likely to be seen at 40500, a move above could see prices testing 40700.  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40200 levels
           
R2
R1
S1
S2
  TREND
SILVER
40700
40500
40100
39900
  Bearish

12 October 2017

BULLION OUTLOOK FOR 12-13 OCT 2017


Gold: Gold trading range for the day is 30100-29600. Gold is getting support at 29700 and below same could see a test of 29600 level, And resistance is now likely to be seen at 29900, a move above could see prices testing 30000. Gold is trading into a negative zone and traders can hold sell 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
30100
30000
29600
29500
Bearish
Silver: Silver trading range for the day is 40600-39800. Technically Silver is getting support at 40100 and below same could see a test of 39800 level, And resistance is now likely to be seen at 40430, a move above could see prices testing 40600. Silver is trading into a negative zone and traders can go short at every rise or hold short positions until Silver closes above 40500  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40700
40500
40100
39800
  Bearish

11 October 2017

BULLION OUTLOOK FOR 11-12 OCT 2017


Gold: Gold trading range for the day is 29900-29600. Gold is getting support at 29750 and below same could see a test of 29500 level, And resistance is now likely to be seen at 29830, a move above could see prices testing 29900. Gold has entered into a 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
29950
29850
29750
29500
Bearish
Silver: Silver trading range for the day is 40700-40000. Technically Silver is getting support at 40100 and below same could see a test of 39500 level, And resistance is now likely to be seen at 40300, a move above could see prices testing 40700.  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40100 levels
           
R2
R1
S1
S2
  TREND
SILVER
40700
40300
40100
39900
  Bearish

10 October 2017

BULLION OUTLOOK FOR 10-11 OCT 2017


Gold: Gold trading range for the day is 29800-29500. Gold is getting support at 29750 and below same could see a test of 29500 level, And resistance is now likely to be seen at 29860, a move above could see prices testing 29800. Gold has entered into a negative zone and traders can hold short positions until Gold closes above 29900 levels. Traders can initiate short positions on every rise until Gold closes above 29900 levels.

           
R2
R1
S1
S2
TREND
GOLD
29900
29700
29550
29400
Bearish
Silver: Silver trading range for the day is 40600-39600. Technically Silver is getting support at 39900 and below same could see a test of 39500 level, And resistance is now likely to be seen at 40400, a move above could see prices testing 40600.  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40400 levels
           
R2
R1
S1
S2
  TREND
SILVER
40600
40400
40000
39400
  Bearish