9 November 2017

BULLION OUTLOOK FOR 09-10 NOV 2017

Gold: Gold trading range for the day is 29650-29350. Gold is getting support at 29500 and below same could see a test of 29350 level, And resistance is now likely to be seen at 29550, a move above could see prices testing 29650. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29450 levels. Traders can initiate long positions on every dip until Gold closes below  29450  levels.
           
R2
R1
S1
S2
TREND
GOLD
30650
29550
29450
29300
BULLISH
Silver: Silver trading range for the day is 40200-39500. Technically Silver is getting support at 39700 and below same could see a test of 39400 level, And resistance is now likely to be seen at 39850, a move above could see prices testing 40200. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 39500  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40200
39850
39500
39200
  BULLISH

No comments:

Post a Comment