22 November 2017

BULLION OUTLOOK FOR 22-23 NOV 2017

Gold: Gold trading range for the day is 29600-29120. Gold is getting support at 29280 and below same could see a test of 29120 level, And resistance is now likely to be seen at 29450, a move above could see prices testing 29600. Gold is trading into a negative zone and traders can hold short positions until Gold closes above 29500 levels. Traders can initiate long positions on every dip until Gold closes below  29000  levels.
           
R2
R1
S1
S2
TREND
GOLD
29600
29450
29280
29120
BEARISH
Silver: Silver trading range for the day is 40000-39000. Technically Silver is getting support at 39250 and below same could see a test of 39000 level, And resistance is now likely to be seen at 39500, a move above could see prices testing 40000. Silver is trading into a negative zone and traders can go short at near resistance levels or hold short positions until Silver closes above 39500  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40000
39500
39250
39000
  BEARISH

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