Tag Archives: gold news

Gold Outlook for the Week (Sep 17, 2018 – Sep 21, 2018)

EquityPandit’s Outlook for Gold for the week  (Sep 17, 2018 – Sep 21, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 30450 to 30550 from where the commodity has broken down from 3 months of consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 30700 to 30800 from where the commodity has broken down in the month of July-2018. During the week the commodity manages to hit a high of 30765 and close the week around the levels of 30436.

Minor support for the commodity lies around 30200 to 30300. Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where break out levels and trend-line support for the commodity is lying.

Resistance for the commodity lies in the zone of 30450 to 30550 from where the commodity has broken down from 3 months of consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 30700 to 30800 from where the commodity has broken down in the month of July-2018.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 30800 – 30900 on upside.

Gold Outlook for the Week (Sep 10, 2018 – Sep 14, 2018)

EquityPandit’s Outlook for Gold for the week  (Sep 10, 2018 – Sep 14, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 1.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 30400 to 30500 from where the commodity has broken down from 3 months of consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 30700 to 30800 from where the commodity has broken down in the month of July-2018. During the week the commodity manages to hit a high of 30700 and close the week around the levels of 30494.

Minor support for the commodity lies around 30200 to 30300. Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where break out levels and trend-line support for the commodity is lying.

Resistance for the commodity lies in the zone of 30450 to 30550 from where the commodity has broken down from 3 months of consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 30700 to 30800 from where the commodity has broken down in the month of July-2018.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 30800 – 30900 on upside.

Gold Outlook for the Week (Sep 03, 2018 – Sep 07, 2018)

EquityPandit’s Outlook for Gold for the week  (Sep 03, 2018 – Sep 07, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 29900 to 30000 from where the commodity has broken down and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30400 from where the commodity has broken down from June-2018 low and long term moving averages are lying. During the week the commodity manages to hit a high of 30359 and close the week around the levels of 30133.

Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where break out levels and trend-line support for the commodity is lying.

Resistance for the commodity lies in the zone of 30400 to 30500 from where the commodity has broken down from 3 months of consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 30700 to 30800 from where the commodity has broken down in the month of July-2018.

Broad range for the commodity in the coming week can be seen between 29600 – 29700 on downside & 30700 – 30800 on upside.

Gold Outlook for the Week (Aug 27, 2018 – Aug 31, 2018)

EquityPandit’s Outlook for Gold for the week  (Aug 27, 2018 – Aug 31, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 1.90%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 29500 to 29600 from where the commodity has broken down from the July-2018 low. If the commodity manages to close above these levels then the commodity can move to the levels of 29900 to 30000 from where the commodity has broken down. During the week the commodity manages to hit a high of 29967 and close the week around the levels of 29900.

Support for the commodity lies in the zone of 29500 to 29600 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 29900 to 30000 from where the commodity has broken down and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30400 from where the commodity has broken down from June-2018 low and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 29500 – 29600 on downside & 30400 – 30500 on upside.

Gold Outlook for the Week (Aug 20, 2018 – Aug 24, 2018)

EquityPandit’s Outlook for Gold for the week  (Aug 20, 2018 – Aug 24, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 29900 to 30000 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying. During the week the commodity manages to hit a high of 29893 and close the week around the levels of 29349.

Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can witness a freefall and the commodity can drift to the levels of 28000 to 28200.

Resistance for the commodity lies in the zone of 29500 to 29600 from where the commodity has broken down from the July-2018 low. If the commodity manages to close above these levels then the commodity can move to the levels of 29900 to 30000 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 28900 – 29000 on downside & 29600 – 29700 on upside.

Gold Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Gold for the week  (Aug 13, 2018 – Aug 17, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that support for the commodity lies in the zone of 29500 to 29600 from where the commodity broke out in the month of November-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 29546 and close the week around the levels of 29783.

Support for the commodity lies in the zone of 29500 to 29600 from where the commodity broke out in the month of November-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 29900 to 30000 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 29200 – 29300 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Gold for the week  (Aug 06, 2018 – Aug 10, 2018) :

GOLD:

 

GOLD 2

 

GOLD closed the week on negative note losing around 1.00%.

As we have mentioned last week, that minor resistance for the commodity lies around 29900 to 30000. Resistance for the commodity lies in the zone of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30900 to 31000 from where the commodity broke down and short & medium term moving averages are lying. During the week the commodity manages to hit a high of 29956 and close the week around the levels of 29671.

Support for the commodity lies in the zone of 29500 to 29600 from where the commodity broke out in the month of November-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 29900 to 30000 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 29200 – 29300 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Gold for the week  (July 30, 2018 – Aug 03, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 29800 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 from where the commodity broke out in the month of November-2017. During the week the commodity manages to hit a low of 29652 and close the week around the levels of 29780.

Support for the commodity lies in the zone of 29500 to 29600 from where the commodity broke out in the month of November-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci levels are lying.

Minor resistance for the commodity lies around 29900 to 30000. Resistance for the commodity lies in the zone of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30900 to 31000 from where the commodity broke down and short & medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 29200 – 29300 on downside & 30200 – 30300 on upside.

Gold Outlook for the Week (July 23, 2018 – July 27, 2018)

EquityPandit’s Outlook for Gold for the week  (July 23, 2018 – July 27, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 29600 to 29700 from where the commodity broke out in the month of November-2017. During the week the commodity manages to hit a low of 29638 and close the week around the levels of 29895.

Support for the commodity lies in the zone of 29800 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 from where the commodity broke out in the month of November-2017.

Resistance for the commodity lies in the zone of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30900 to 31000 from where the commodity broke down and short & medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 29500 – 29500 on downside & 30500 – 30600 on upside.

Gold Outlook for the Week (July 16, 2018 – July 20, 2018)

EquityPandit’s Outlook for Gold for the week  (July 16, 2018 – July 20, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018. During the week the commodity manages to hit a low of 30014 and close the week around the levels of 30105.

Support for the commodity lies in the zone of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 29600 to 29700 from where the commodity broke out in the month of November-2017.

Resistance for the commodity lies in the zone of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30900 to 31000 from where the commodity broke down and short & medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 29500 – 29600 on downside & 30500 – 30600 on upside.

Gold Outlook for the Week (July 09, 2018 – July 13, 2018)

EquityPandit’s Outlook for Gold for the week  (July 09, 2018 – July 13, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 30700 to 30800. Resistance for the commodity lies in the zone of 31400 to 31500 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016. During the week the commodity manages to hit a high of 30737 and close the week around the levels of 30566.

Support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018.

Minor resistance for the commodity lies in the zone of 30700 to 30800. Resistance for the commodity lies in the zone of 31400 to 31500 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 31000 – 31100 on upside.

Gold Outlook for the Week (July 02, 2018 – July 06, 2018)

EquityPandit’s Outlook for Gold for the week  (July 02, 2018 – July 06, 2018) :

GOLD:

 

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and long term moving averages are lying. During the week the commodity manages to hit a low of 30356 and close the week around the levels of 30436.

Support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018.

Minor resistance for the commodity lies in the zone of 30700 to 30800. Resistance for the commodity lies in the zone of 31400 to 31500 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 31000 – 31100 on upside.

Gold Outlook for the Week (June 25, 2018 – June 29, 2018)

EquityPandit’s Outlook for Gold for the week  (June 25, 2018 – June 29, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.30%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 30800 to 30900. Support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and medium term moving averages are lying. During the week the commodity manages to hit a low of 30515 and close the week around the levels of 30609.

Support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and long term moving averages are lying.

Minor resistance for the commodity lies in the zone of 30800 to 31000. Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 31000 – 31100 on upside.

Gold Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Gold for the week  (June 18, 2018 – June 22, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.70%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016. During the week the commodity manages to hit a high of 31424 and close the week around the levels of 31010.

Minor support for the commodity lies in the zone of 30800 to 30900. Support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30500 – 30600 on downside & 31600 – 31700 on upside.

Gold Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Gold for the week  (June 11, 2018 – June 15, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 2.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and medium term moving averages are lying. During the week the commodity manages to hit a low of 30540 and close the week around the levels of 31215.

Minor support for the commodity lies in the zone of 30800 to 30900. Support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30500 – 30600 on downside & 31600 – 31700 on upside.

Gold Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Gold for the week  (June 04, 2018 – June 08, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 2.10%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 31200 to 31300. Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016. During the week the commodity manages to hit a high of 31325 and close the week around the levels of 30546.

Support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 30800 to 30900. Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 29900 – 30000 on downside & 31000 – 31100 on upside.

Gold Outlook for the Week (May 28, 2018 – June 01, 2018)

EquityPandit’s Outlook for Gold for the week  (May 28, 2018 – June 01, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 31200 to 31300. Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016. During the week the commodity manages to hit a high of 31510 and close the week around the levels of 31189.

Support for the commodity lies in the zone of 31000 to 31100 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 30300 to 30400 from where the commodity broke out of September-2017 high.

Minor resistance for the commodity lies in the zone of 31200 to 31300. Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30500 – 30600 on downside & 31500 – 31600 on upside.

Gold Outlook for the Week (May 21, 2018 – May 25, 2018)

EquityPandit’s Outlook for Gold for the week  (May 21, 2018 – May 25, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.30%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016. During the week the commodity manages to hit a high of 31579 and close the week around the levels of 31102.

Support for the commodity lies in the zone of 31000 to 31100 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 30300 to 30400 from where the commodity broke out of September-2017 high.

Minor resistance for the commodity lies in the zone of 31200 to 31300. Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30500 – 30600 on downside & 31500 – 31600 on upside.

Gold Outlook for the Week (May 14, 2018 – May 18, 2018)

EquityPandit’s Outlook for Gold for the week  (May 14, 2018 – May 18, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 1.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 31000 to 31100 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 30300 to 30400 from where the commodity broke out of September-2017 high. During the week the commodity manages to hit a low of 31078 and close the week around the levels of 31518.

Minor support for the commodity lies in the zone of 31300 to 31350. Support for the commodity lies in the zone of 31000 to 31100 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 30300 to 30400 from where the commodity broke out of September-2017 high.

Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 31000 – 31100 on downside & 32000 – 32100 on upside.

Gold Outlook for the Week (May 07, 2018 – May 11, 2018)

EquityPandit’s Outlook for Gold for the week  (May 07, 2018 – May 11, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 31000 to 31100 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 30300 to 30400 from where the commodity broke out of September-2017 high. During the week the commodity manages to hit a low of 30865 and close the week around the levels of 31114.

Support for the commodity lies in the zone of 31000 to 31100 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 30300 to 30400 from where the commodity broke out of September-2017 high.

Resistance for the commodity lies in the zone of 31400 to 31500 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30600 – 30700 on downside & 31500 – 31600 on upside.

Gold Outlook for the Week (Apr 30, 2018 – May 04, 2018)

EquityPandit’s Outlook for Gold for the week  (Apr 30, 2018 – May 04, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.70%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 31400 to 31500 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016. During the week the commodity manages to hit a high of 31430 and close the week around the levels of 31211.

Support for the commodity lies in the zone of 31000 to 31100 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 30300 to 30400 from where the commodity broke out of September-2017 high.

Resistance for the commodity lies in the zone of 31400 to 31500 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30600 – 30700 on downside & 31500 – 31600 on upside.

Gold Outlook for the Week (Apr 16, 2018 – Apr 20, 2018)

EquityPandit’s Outlook for Gold for the week  (Apr 16, 2018 – Apr 20, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 31562 and close the week around the levels of 31118.

Minor support for the commodity lies in the zone of 30600 to 30700. Support for the commodity lies in the zone of 30300 to 30400 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29600 to 29700 where Fibonacci levels and medium term moving averages are lying.

The commodity has closed around the resistance zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 30500 – 30600 on downside & 31500 – 31600 on upside.

Gold Outlook for the Week (Apr 09, 2018 – Apr 13, 2018)

EquityPandit’s Outlook for Gold for the week  (Apr 09, 2018 – Apr 13, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 30600 to 30700. Resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 30970 and close the week around the levels of 30694.

Support for the commodity lies in the zone of 30200 to 30300 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 30200 – 30300 on downside & 31000 – 31100 on upside.

Gold Outlook for the Week (Apr 02, 2018 – Apr 06, 2018)

EquityPandit’s Outlook for Gold for the week  (Apr 02, 2018 – Apr 06, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 30929 and close the week around the levels of 30408.

Support for the commodity lies in the zone of 30200 to 30300 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where Fibonacci levels and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 30600 to 30700. Resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 30900 – 31000 on upside.

Gold Outlook for the Week (Mar 26, 2018 – Mar 28, 2018)

EquityPandit’s Outlook for Gold for the week  (Mar 26, 2018 – Mar 28, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 2.30%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 30500 to 30600. Resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 30950 and close the week around the levels of 30907.

Minor support for the commodity lies in the zone of 30600 to 30700. Support for the commodity lies in the zone of 30200 to 30300 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 30500 – 30600 on downside & 31500 – 31600 on upside.

Gold Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)

EquityPandit’s Outlook for Gold for the week  (Mar 12, 2018 – Mar 16, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.20%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 30200 to 30300. Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out of November-2017 highs and lows for the month of February-2018 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 30280 and close the week around the levels of 30401.

Minor support for the commodity lies in the zone of 30200 to 30300. Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out of November-2017 highs and lows for the month of February-2018 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where Fibonacci levels and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 30500 to 30600. Resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 31000 – 31100 on upside.

Gold Outlook for the Week (Mar 05, 2018 – Mar 09, 2018)

EquityPandit’s Outlook for Gold for the week  (Mar 05, 2018 – Mar 09, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 30300 to 30400 from where the commodity broke out of September-2017 highs and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 from where the commodity broke out of November-2017 highs and short term bottom is lying. During the week the commodity manages to hit a low of 30119 and close the week around the levels of 30448.

Minor support for the commodity lies in the zone of 30200 to 30300. Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out of November-2017 highs and lows for the month of February-2018 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where Fibonacci levels and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 30500 to 30600. Resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 31000 – 31100 on upside.

Gold Outlook for the Week (Feb 26, 2018 – Mar 02, 2018)

EquityPandit’s Outlook for Gold for the week  (Feb 26, 2018 – Mar 02, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.00%.

As we have mentioned last week, that support for the commodity lies in the zone of 30500 to 30600 from where the commodity broke out of September-2017 highs and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 from where the commodity broke out of November-2017 highs and short term bottom is lying. During the week the commodity manages to hit a low of 30387 and close the week around the levels of 30509.

Support for the commodity lies in the zone of 30300 to 30400 from where the commodity broke out of September-2017 highs and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 from where the commodity broke out of November-2017 highs and short term bottom is lying.

Resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 31000 – 31100 on upside.

Gold Outlook for the Week (Feb 19, 2018 – Feb 23, 2018)

EquityPandit’s Outlook for Gold for the week  (Feb 19, 2018 – Feb 23, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 2.70%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 30200 to 30300. Resistance for the commodity lies in the zone of 30500 to 30600 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31200 to 31300 where trend-line joining earlier high is lying. During the week the commodity manages to hit a high of 30839 and close the week around the levels of 30816.

Support for the commodity lies in the zone of 30500 to 30600 from where the commodity broke out of September-2017 highs and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 from where the commodity broke out of November-2017 highs and short term bottom is lying.

Resistance for the commodity lies in the zone of 30900 to 31000 where trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31400 to 31500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 31500 – 31600 on upside.

Gold Outlook for the Week (Feb 12, 2018 – Feb 16, 2018)

EquityPandit’s Outlook for Gold for the week  (Feb 12, 2018 – Feb 16, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out of October-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 29805 and close the week around the levels of 30009.

Support for the commodity lies in the zone of 29700 to 29900 from where the commodity broke out of October-2017 & November-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 29300 to 29400 where Fibonacci levels and short & medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 30200 to 30300. Resistance for the commodity lies in the zone of 30500 to 30600 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31200 to 31300 where trend-line joining earlier high is lying.

Broad range for the commodity in the coming week can be seen between 29500 – 29600 on downside & 30500 – 30600 on upside.

Gold Outlook for the Week (Feb 05, 2018 – Feb 09, 2018)

EquityPandit’s Outlook for Gold for the week  (Feb 05, 2018 – Feb 09, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on absolutely flat note.

As we have mentioned last week, that support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out of October-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 29954 and close the week around the levels of 30367.

Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out of October-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 30500 to 30600 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31200 to 31300 where trend-line joining earlier high is lying.

Broad range for the commodity in the coming week can be seen between 29500 – 29600 on downside & 31000 – 31100 on upside.

Gold Outlook for the Week (Jan 29, 2018 – Feb 02, 2018)

EquityPandit’s Outlook for Gold for the week  (Jan 29, 2018 – Feb 02, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 2.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 29900 to 30000 where high for the month of October-2017 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30200 to 30300 where Fibonacci levels and high for the month of September-2017 is lying. During the week the commodity manages to hit a high of 30464 and close the week around the levels of 30361.

Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out of October-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 30500 to 30600 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31200 to 31300 where trend-line joining earlier high is lying.

Broad range for the commodity in the coming week can be seen between 29500 – 29600 on downside & 31000 – 31100 on upside.

Gold Outlook for the Week (Jan 22, 2018 – Jan 25, 2018)

EquityPandit’s Outlook for Gold for the week  (Jan 22, 2018 – Jan 25, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 0.70%.

As we have mentioned last week, that support for the commodity lies in the zone of 29300 to 29350 where medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level and long term moving averages are lying. During the week the commodity manages to hit a low of 29550 and close the week around the levels of 29755.

Minor support for the commodity lies in the zone of 29500 to 29550. Support for the commodity lies in the zone of 29300 to 29350 where medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29900 to 30000 where high for the month of October-2017 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30200 to 30300 where Fibonacci levels and high for the month of September-2017 is lying.

Broad range for the commodity in the coming week can be seen between 29200 – 29300 on downside & 30200 – 30300 on upside.

Gold Outlook for the Week (Jan 15, 2018 – Jan 19, 2018)

EquityPandit’s Outlook for Gold for the week  (Jan 15, 2018 – Jan 19, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 1.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 29300 to 29350 where medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29600 to 29700 Fibonacci levels and highs for the month of November-2017 is lying. During the week the commodity manages to hit a high of 29580 and close the week around the levels of 29547.

Support for the commodity lies in the zone of 29300 to 29350 where medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29600 to 29700 Fibonacci levels and highs for the month of November-2017 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29900 to 30000 where high for the month of October-2017 is lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 29900 – 30000 on upside.

Gold Outlook for the Week (Jan 08, 2018 – Jan 12, 2018)

EquityPandit’s Outlook for Gold for the week  ( Jan 08, 2018 – Jan 12, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 0.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28000 to 28100 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 29061 and close the week around the levels of 29217.

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28000 to 28100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 29300 to 29350 where medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29600 to 29700 Fibonacci levels and highs for the month of November-2017 is lying.

Broad range for the commodity in the coming week can be seen between 28600 – 28700 on downside & 29700 – 29800 on upside.

Gold Outlook for the Week (Jan 01, 2018 – Jan 05, 2018)

EquityPandit’s Outlook for Gold for the week  Jan 01, 2018 – Jan 05, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 1.80%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci level and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29350 where medium term moving averages are lying. During the week the commodity manages to hit a high of 29175 and close the week around the levels of 29156.

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28000 to 28100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 29300 to 29350 where medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29600 to 29700 Fibonacci levels and highs for the month of November-2017 is lying.

Broad range for the commodity in the coming week can be seen between 28600 – 28700 on downside & 29700 – 29800 on upside.

Gold Outlook for the Week (Dec 26, 2017 – Dec 29, 2017)

EquityPandit’s Outlook for Gold for the week  (Dec 26, 2017 – Dec 29, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 28500 to 28600. Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci level and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29350 where short term moving averages are lying. During the week the commodity manages to hit a high of 28666 and close the week around the levels of 28653.

Minor support for the commodity lies in the zone of 28400 to 28500. Support for the commodity lies in the zone of 28000 to 28100 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600 where the commodity has bounced in the month of July-2017.

Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci level and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29350 where medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 28900 – 29000 on upside.

Gold Outlook for the Week (Dec 18, 2017 – Dec 22, 2017)

EquityPandit’s Outlook for Gold for the week  (Dec 18, 2017 – Dec 22, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.00%.

As we have mentioned last week, that support for the commodity lies in the zone of 28500 to 28600 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28000 to 28100 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 28055 and close the week around the levels of 28254.

Support for the commodity lies in the zone of 28000 to 28100 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600 where the commodity has bounced in the month of July-2017.

Minor resistance for the commodity lies in the zone of 28500 to 28600. Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci level and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29350 where short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 27500 – 27600 on downside & 28600 – 28700 on upside.

Gold Outlook for the Week (Dec 11, 2017 – Dec 15, 2017)

EquityPandit’s Outlook for Gold for the week  (Dec 11, 2017 – Dec 15, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 2.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying. During the week the commodity manages to hit a low of 28471 and close the week around the levels of 28533.

Support for the commodity lies in the zone of 28500 to 28600 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28000 to 28100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci level and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29350 where short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (Dec 04, 2017 – Dec 08, 2017)

EquityPandit’s Outlook for Gold for the week  (Dec 04, 2017 – Dec 08, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying. During the week the commodity manages to hit a low of 28950 and close the week around the levels of 29209.

Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying.

Minor resistance for the commodity lies in the zone of 29300 to 29400. Resistance for the commodity lies in the zone of 29600 to 29650 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30000 to 30100 where the commodity has formed in the month of October-2017.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29600 – 29700 on upside.

Gold Outlook for the Week (Nov 27, 2017 – Dec 01, 2017)

EquityPandit’s Outlook for Gold for the week  (Nov 27, 2017 – Dec 01, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.00%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 29400 to 29450. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying. During the week the commodity manages to hit a low of 29276 and close the week around the levels of 29380.

Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying.

Resistance for the commodity lies in the zone of 29600 to 29650 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30000 to 30100 where the commodity has formed in the month of October-2017.

Broad range for the commodity in the coming week can be seen between 28800 – 28900 on downside & 29600 – 29700 on upside.

Gold Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for Gold for the week  (Nov 20, 2017 – Nov 24, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 0.70%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 29300 to 29350. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying. During the week the commodity manages to hit a low of 29351 and close the week around the levels of 29690.

Minor support for the commodity lies in the zone of 29400 to 29450. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying.

Resistance for the commodity lies in the zone of 29600 to 29650 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30000 to 30100 where the commodity has formed in the month of October-2017.

Broad range for the commodity in the coming week can be seen between 29100 – 29200 on downside & 30100 – 30200 on upside.

Gold Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for Gold for the week  (Nov 13, 2017 – Nov 17, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying. During the week the commodity manages to hit a low of 29109 and close the week around the levels of 29491.

Minor support for the commodity lies in the zone of 29300 to 29350. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30000 to 30100 where the commodity has formed in the month of October-2017.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for Gold for the week  (Nov 06, 2017 – Nov 10, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.80%.

As we have mentioned last week, that support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying. During the week the commodity manages to hit a low of 29069 and close the week around the levels of 29088.

Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying.

Minor resistance for the commodity lies in the zone of 29300 to 29350. Resistance for the commodity lies in the zone of 29550 to 29650 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30000 to 30100 where the commodity has formed a short term top.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29500 – 29600 on upside.

Gold Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for Gold for the week  (Oct 30, 2017 – Nov 03, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.80%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 29650 to 29750. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 29591 and close the week around the levels of 29318.

Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying.

Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity lies in the zone of 29550 to 29650 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30000 to 30100 where the commodity has formed a short term top.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for Gold for the week  (Oct 23, 2017 – Oct 27, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.00%.

As we have mentioned last week, that support for the commodity lies in the zone of 29450 to 29550 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a low of 29522 and close the week around the levels of 29554.

Support for the commodity lies in the zone of 29450 to 29550 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level and long term moving averages are lying.

Minor resistance for the commodity lies in the zone of 29650 to 29750. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for Gold for the week  (Oct 16, 2017 – Oct 19, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29851) closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 29650 to 29750. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 29900 and close the week around the levels of 29851.

Support for the commodity lies in the zone of 29450 to 29550 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29400 – 29500 on downside & 30400 – 30500 on upside.

 

Gold Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for Gold for the week  (Oct 09, 2017 – Oct 13, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29573) closed the week on positive note gaining around 0.05%.

As we have mentioned last week, that support for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a low of 29260 and close the week around the levels of 29573.

Support for the commodity lies in the zone of 29450 to 29550 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 29650 to 29750. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for Gold for the week  (Oct 03, 2017 – Oct 06, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29557) closed the week on negative note losing around 0.10%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 29750 to 29850. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 30169 and close the week around the levels of 29557.

Support for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 29750 to 29850. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for Gold for the week  (Sep 25, 2017 – Sep 29, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29585) closed the week on negative note losing around 0.90%.

As we have mentioned last week, that support for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a low of 29443 and close the week around the levels of 29585.

Support for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 29750 to 29850. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Gold for the week  (Sep 18, 2017 – Sep 22, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29856) closed the week on negative note losing around 1.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying. During the week the commodity manages to hit a high of 30200 and close the week around the levels of 29856.

Support for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29500 – 29600 on downside & 30300 – 30400 on upside.

 

Gold Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 28, 2017 – Sep 01, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29167) closed the week on absolutely flat note.

As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying. During the week the commodity manages to hit a low of 28777 and close the week around the levels of 29167

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29600 – 29700 on upside.

Gold Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 21, 2017 – Aug 25, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29163) closed the week on negative note losing around 0.10%.

As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying. During the week the commodity manages to hit a low of 28800 and close the week around the levels of 29163.

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29600 – 29700 on upside.

Gold Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 14, 2017 – Aug 18, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29302) closed the week on positive note gaining around 2.60%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 28350 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27800 to 27900 where break out levels are lying. During the week the commodity manages to hit a low of 28300 and close the week around the levels of 29203.

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29600 – 29700 on upside.

Gold Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 07, 2017 – Aug 11, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28465) closed the week on negative note losing around 0.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a high of 28666 and close the week around the levels of 28465.

Minor support for the commodity lies in the zone of 28350 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27800 to 27900 where break out levels are lying.

Resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Gold for the week  (July 31, 2017 – Aug 04, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28580) closed the week on positive note gaining around 0.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a high of 28610 and close the week around the levels of 28580.

Minor support for the commodity lies in the zone of 28350 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27800 to 27900 where break out levels are lying.

Resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for Gold for the week  (July 24, 2017 – July 28, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28541) closed the week on positive note gaining around 2.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017 & May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 28200 to 28300 where Fibonacci level is lying. During the week the commodity manages to hit a high of 28559 and close the week around the levels of 28541.

Minor support for the commodity lies in the zone of 28350 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27800 to 27900 where break out levels are lying.

Resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for Gold for the week  (July 17, 2017 – July 21, 2017) :

GOLD:

 

GOLD 1

 

GOLD (27996) closed the week on positive note gaining around 0.80%.

As we have mentioned last week that the commodity has broken down from the long term trend-line support. Support for the commodity lies in the zone of 27500 to 27600 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27603 and close the week around the levels of 27996.

The commodity has broken down from the long term trend-line support. Minor support for the commodity lies in the zone of 27800 to 27850. Support for the commodity lies in the zone of 27500 to 27600 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

Resistance for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017 & May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 28200 to 28300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 27500 – 27600 on downside & 28300 – 28400 on upside.

Gold Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Gold for the week  (July 10, 2017 – July 14, 2017) :

GOLD:

 

GOLD 1

 

GOLD (27784) closed the week on negative note losing around 2.30%.

As we have mentioned last week that support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. During the week the commodity manages to hit a low of 27724 and close the week around the levels of 27784.

The commodity has broken down from the long term trend-line support. Support for the commodity lies in the zone of 27500 to 27600 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

Resistance for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017 & May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 28200 to 28300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 26800 – 27000 on downside & 28300 – 28400 on upside.

Gold Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for Gold for the week  (July 03, 2017 – July 07, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28439) closed the week on negative note losing around 1.00%.

As we have mentioned last week that minor support for the commodity lies in the zone of 28500 to 28550. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. During the week the commodity manages to hit a low of 28350 and close the week around the levels of 28439.

Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Minor resistance for the commodity lies in the zone of 28650 to 28750. Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 28700 – 28800 on upside.

Gold Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Gold for the week  (June 26, 2017 – June 30, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28734) closed the week on positive note gaining around 0.15%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 28800 to 28850. Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 28820 and close the week around the levels of 28734.

Minor support for the commodity lies in the zone of 28500 to 28550. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Minor resistance for the commodity lies in the zone of 28800 to 28850. Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28200 – 28300 on downside & 29100 – 29200 on upside.

Gold Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Gold for the week  (June 19, 2017 – June 23, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28690) closed the week on negative note losing around 1.10%.

As we have mentioned last week that resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29087 and close the week around the levels of 28690.

Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Minor resistance for the commodity lies in the zone of 28800 to 28850. Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28200 – 28300 on downside & 29100 – 29200 on upside.

Gold Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Gold for the week  (June 12, 2017 – June 16, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29019) closed the week on positive note gaining around 0.50%.

As we have mentioned last week that resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29500 to 29600 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29585 and close the week around the levels of 29019.

Support for the commodity lies in the zone of 28700 to 28800. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29500 – 29600 on upside.

Gold Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for Gold for the week  (June 05, 2017 – June 09, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28871) closed the week on absolutely flat note.

As we have mentioned last week that resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29500 to 29600 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 28986 and close the week around the levels of 28871.

Support for the commodity lies in the zone of 28600 to 28700. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29500 to 29600 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29300 – 29400 on upside.

Gold Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Gold for the week  (May 29, 2017 – June 02, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28888) closed the week on positive note gaining around 0.90%.

As we have mentioned last week that resistance for the commodity lies in the zone of 28700 to 28800 where 200 daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29000 to 29100 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a high of 28926 and close the week around the levels of 28888.

Support for the commodity lies in the zone of 28600 to 28700. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29500 to 29600 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29100 – 29200 on upside.

Gold Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Gold for the week  (May 22, 2017 – May 26, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28635) closed the week on positive note gaining around 2.20%.

As we have mentioned last week that support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27982 and close the week around the levels of 28635.

Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Resistance for the commodity lies in the zone of 28700 to 28800 where 200 daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29000 to 29100 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 28100 – 28200 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Gold for the week  (May 15, 2017 – May 19, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28005) closed the week on negative note losing around 0.20%.

As we have mentioned last week that support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27932 and close the week around the levels of 28005.

Support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

Resistance for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28500 to 28600 where 200 Daily moving average is lying.

Broad range for the commodity in the coming week can be seen between 27500 – 27600 on downside & 28500 – 28600 on upside.

Gold Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Gold for the week  (May 08, 2017 – May 12, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28072) closed the week on negative note losing around 2.80%.

As we have mentioned last week that support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 28020 and close the week around the levels of 28072.

Support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

Resistance for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28500 to 28600 where 200 Daily moving average is lying.

Broad range for the commodity in the coming week can be seen between 27100 – 27200 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Gold for the week  (May 01, 2017 – May 05, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28873) closed the week on negative note losing around 1.80%.

As we have mentioned last week that minor support for the commodity lies in the zone of 29200 to 29250. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out. During the week the commodity manages to hit a low of 28660 and close the week around the levels of 28873.

Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29400 to 29500 from where the commodity sold off in the month of March-2017 and 200 Daily moving average is lying.

Broad range for the commodity in the coming week can be seen between 28100 – 28200 on downside & 29400 – 29500 on upside.

Gold Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Gold for the week  (April 24, 2017 – April 28, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29418) closed the week on absolutely flat note.

As we have mentioned last week that resistance for the commodity lies in the zone of 29400 to 29500 from where the commodity sold off in the month of March-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 29650 to 29750 where Fibonacci level and highs for the month of February-2017 are lying. During the week the commodity manages to hit a high of 29539 and close the week around the levels of 29418.

Minor support for the commodity lies in the zone of 29200 to 29250. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out.

Resistance for the commodity lies in the zone of 29400 to 29500 from where the commodity sold off in the month of March-2017 and 200 Daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29650 to 29750 where Fibonacci level and highs for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 29800 – 29900 on upside.

Gold Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Gold for the week  (April 17, 2017 – April 21, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29409) closed the week on positive note gaining around 2.50%.

As we have mentioned last week that resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017. During the week the commodity manages to hit a high of 29433 and close the week around the levels of 29409.

Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out.

Resistance for the commodity lies in the zone of 29400 to 29500 from where the commodity sold off in the month of March-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 29650 to 29750 where Fibonacci level and highs for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 29800 – 29900 on upside.

Gold Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Gold for the week  (April 10, 2017 – April 14, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28684) closed the week on positive note gaining around 0.80%.

As we have mentioned last week that support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying. During the week the commodity manages to hit a low of 28404 and close the week around the levels of 28684.

Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.

Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 28200 – 28300 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for Gold for the week  (April 03, 2017 – April 07, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28463) closed the week on a negative note losing around 1.15%.

As we have mentioned last week that minor support for the commodity lies in the zone of 28600 to 28650. Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying. During the week the commodity manages to hit a low of 28420 and close the week around the levels of 28463.

Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.

Minor resistance for the commodity lies in the zone of 28550 to 28625. Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 28900 – 29000 on upside.

Gold Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Gold for the week (March 27, 2017 – March 31, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28793) closed the week on a positive note gaining around 1.00%.

As we have mentioned last week that resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. During the week the commodity manages to hit a high of 28948 and close the week around the levels of 28793.

Minor support for the commodity lies in the zone of 28600 to 28650. Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.

Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 28400 – 28500 on downside & 29200 – 29300 on upside.

Gold Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for Gold for the week (March 20, 2017 – March 24, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28509) closed the week on a positive note gaining around 0.50%.

As we have mentioned last week that support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600. During the week the commodity manages to hit a low of 27907 and close the week around the levels of 28509.

Minor support for the commodity lies in the zone of 28300 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600.

Resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 28900 – 29000 on upside.

Gold Outlook for the Week (March 13, 2017 – March 17, 2017)

EquityPandit’s Outlook for Gold for the week (March 13, 2017 – March 17, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28366) closed the week with a negative note losing around 2.20%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 29250 to 29350. Resistance for the commodity lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29189 and sold off to close the week around the levels of 28366.

Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600.

Minor resistance for the commodity lies in the zone of 28400 to 28500. Resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 27500 – 27600 on downside & 28900 – 29000 on upside.

Gold Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for Gold for the week (March 06, 2017 – March 10, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29020) closed the week with a negative note losing around 2.00%.

As we have mentioned last week that resistance for the commodity lies in the zone of 29650 to 29750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29785 and close the week around the levels of 29020.

Support for the commodity lies in the zone of 28800 to 29000 where Fibonacci level and low for the month of February-2017 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500.

Minor resistance for the commodity lies in the zone of 29250 to 29350. Resistance for the commodity lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28400 – 28500 on downside & 29500 – 29600 on upside.

Gold Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Gold for the week (February 27, 2017 – March 03, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29623) closed the week with a positive note gaining around 0.90%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 29750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29640 and close the week around the levels of 29623.

Minor support for the commodity lies in the zone of 29400 to 29450. Support for the commodity lies in the zone of 29300 to 29350 from where the commodity broke out on intraday basis. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 29650 to 29750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29100 – 29200 on downside and 29900 – 30000 on upside.

Gold Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Gold for the week (February 20, 2017 – February 24, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29360) closed the week with a positive note gaining around 0.65%.

As we have mentioned last week that support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying. During the week the commodity manages to hit a low of 28872 and close the week around the levels of 29360.

Minor support for the commodity lies in the zone of 29120 to 29170. Support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out, Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying.

Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28800 – 28900 on downside and 29700 – 29800 on upside.

Gold Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Gold for the week (February 13, 2017 – February 17, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29173) closed the week with a positive note gaining around 0.35%.

Support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying.

Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside and 29600 – 29700 on upside.