Update on Bullions -
Gold -
Gold (April future contract) has shown some bullish indications on Daily charts with a swing and a positive divergence on RSI.... (Click on the charts below)
It can be looked at for a long position only above 29900 with supports below 29250-200 and with resistances near 30300 (minor) 30600-31000......
Aggressive traders can even buy on dips near 28500-400.....
Silver -
In also Silver (May future) also some bullishness can be seen on the daily charts as it has also given a +ve candle divergence.....(Click on the charts below)
It looks positive only if it crosses 55750 today (else the view will not be valid) with supports below 54500 (For March contract levels would be 54325 and 53000 respectively) with resistances around 56700-57300-57800 for May contract and 55250-55900-56400 for March contract...
Happy Trading!!!
Cheers
Hrishi
Gold - April Contract -
Silver - May Contract
Gold -
Gold (April future contract) has shown some bullish indications on Daily charts with a swing and a positive divergence on RSI.... (Click on the charts below)
It can be looked at for a long position only above 29900 with supports below 29250-200 and with resistances near 30300 (minor) 30600-31000......
Aggressive traders can even buy on dips near 28500-400.....
Silver -
In also Silver (May future) also some bullishness can be seen on the daily charts as it has also given a +ve candle divergence.....(Click on the charts below)
It looks positive only if it crosses 55750 today (else the view will not be valid) with supports below 54500 (For March contract levels would be 54325 and 53000 respectively) with resistances around 56700-57300-57800 for May contract and 55250-55900-56400 for March contract...
Happy Trading!!!
Cheers
Hrishi
Gold - April Contract -
Silver - May Contract
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