Chokshi Ambalal Kantilal
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Ahmedabad
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Gold & Silver Bullion Merchant
Chokshi Ambalal Kantilal
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AUG GOLD (124770)
Resist: 125770*, 126480+
Supprt: 1239, 122050*, 1211-1210 U.S. June 7, 2016 ST
Trend: Sdwys/Down Obj: None TRP: 1257.70
Comment: Friday’s sharp rally alerts for a possible short term bottoming turn. Look for recovery rallies to press into a test of 125770* resistance. A close over 125770* secures a bottoming turn and could send a climb into the 1265-1275 zone. Any corrective dips should stay over 122050* to continue bottoming forces from Friday’s upturn.
JUL SILVER (1649)
Resist: 1654, 16675, 16705*
Supprt: 1622, 1617, 1610* ST
Trend: Sdwys/Down Obj: None TRP: 1670.5
Comment: Friday’s rebound marks a near term upturn that should foster additional retracement action early this week, trying to lift trade into a test of 16705* resistance. A close over 16705* confirms a short term bottom and larger retracement to 1713. Tight congestion in the upper edges of Friday’s range will bull flag. A close under 1610* is needed to rekindle bear trend forces.
Gold &silver updates
JUN GOLD
Resist: 1239, 1242, 125560*
Supprt: 121720, 1208, 1196-1190 ST Trend: Sdwys/Down Obj: 122540 TRP: 1255.60
Comment: The selloffs into the end of last week alert for a bear turnover that will lead into a larger selling wave. Trade is poised for selloffs early this week and close under 122540 or drop under 121720 alerts for a selling wave into the 1190’s. Only a close over 125560* rekindles bull trend forces.
MAY SILVER (16985)
Resist: 1709, 17355*, 1772
Supprt: 16735*, 1645* ST Trend: Sdwys/Up Obj: None TRP: 16.45
Comment: Last Thursday’s spike high alerts for a top. Be ready for corrections with a close under 16735* driving retracements to test 1645* support for a larger downturn / top. Residual bull forces may again attempt to hold trade over 1700+, but a close over 17355* is needed to rekindle bull trending moves to attack last Thursday’s high.
Last updated at 25/04 13:35
Gold & Silver Rates :-
27450 for 10 gms Gold
38300 for 1 kgs silver
Today's Gold & Silver Rate
Gold rate for 10 gms is 29150
Silver rate for 1 kgs is 42800
Gold and Silver market comes down
gold rate is 29650/- for 10 gms
silver rate is 43600/- for 1 kg
Chokshi Ambalal Kantilal's cover photo
Todays Gold & Silver Rates
27650/-
45200/-
Today's gold & silver rate
27850/- 10 gms gold
45300/- 1 kg
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Thursday | 10am - 8pm |
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Sunday | 10am - 8pm |
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