16 January 2018

COMMODITY TRADING TIPS FOR 16-17 JAN 2018

YESTERDAY'S CALL UPDATE:
GOLD HIT  TGT 29750 MADE HIGH OF 29850!!!
SILVER NEAR TGT 39700 MADE HIGH OF 39693
Gold: Gold trading range for the day is 29990-29600. Gold is getting support at 29740 and below same could see a test of 29600 level, And resistance is now likely to be seen at 29850, a move above could see prices testing 29900,29950. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29700 levels. Traders can initiate long  positions on every dips until Gold closes below  29700  levels.
           
R2
R1
S1
S2
TREND
GOLD
29990
29850
29700
29600
BULLISH
Silver: Silver trading range for the day is 40200-38300. Technically Silver is getting
support at 38500 and below same could see a test of 38300 level, And resistance is now likely to be seen at 39700, a move above could see prices testing 40200. Silver is trading into positive zone and traders can go long at every dips or hold long  positions until Silver closes below 38500  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40200
39700
38500
38300
  BULLISH

1 comment:

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