Stock Market Institute(SMI) Precious Metal outlook for short term

Posted By : Kishore B.S

Precious Metals Outlook: GOLD: Gold Technical Chart Gold has been continuing to be range bound for the last 10 sessions moving in a very narrow range of 27700 to 28200 and thereby consolidating for the next move. Given the global scenario there has been equal number of positive and negative news emanating with recovery of US to deteriorating conditions in China. And since both have huge

Stock Market Institute (SMI)- Precious Metals Outlook

Posted By : Kishore B.S

SMI Precious Metals outlook: GOLD:   Gold Technical Chart Gold has been range bound for the last 4 trading sessions between 27700 – 28150 and the technical charts indicate that the range bound movement is likely to continue further too with some more gains to 28400 -28600 levels on the higher side. On the lower side if the support level of 27700 is broken further weakness

SMI Precious Metals Outlook (www.stockmarketinstitute.org)

Posted By : Kishore B.S

Precious Metals Outlook: Gold TA Chart GOLD: After the rally last week in gold to the first target and resistance level of 28900 it has been consolidating between 28500-28980 range from the last 4-5 sessions. The technical charts indicate formation of Flag pattern the breakout of which would be above 28980 with good volumes. The breakout of the FLAG pattern would result in the upmove for