Stock Market Institute (SMI) Precious Metals outlook

Posted By : Kishore B.S

Precious Metals Outlook:

Stock Market Institute – Silver Outlook

GOLD:

Gold has been range bound between the price range of 27800-28600 from last fortnight. The technical parameters suggest that the commodity has been consolidating in this price narrow price range and a upmove to 29000 cannot be ruled out soon, Unless the support price level of 27800 is broken.

                                                                             Stock Market Institute – Silver Outlook

SILVER:

Similar to the Gold charts even the Silver charts indicate narrow price range momentum between 55600-56800, however technical parameters are indicating that there would be short term Upmove to the price levels of 58000 soon where some strong resistance is likely to emerge which if taken out could see the commodity easily to rally to 61000 levels soon.

Cheers!!

Team SMI

www.stockmarketinstitute.org

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