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

No comments:

Post a Comment