30 August 2017

BULLION OUTLOOK FOR 30-31 AUG 2017

SELL GOLD 29600 SL 29800 TGT 29300-29000.

SELL SILVER 39800 SL 39950 TGT 39550-39200.

Gold: Gold trading range for the day is 29700-29000. Gold is getting support at 29450 and below same could see a test of 29000 level, And resistance is now likely to be seen at 29650, a move above could see prices testing 29800. Gold is trading into negative zone and traders can hold sell positions until Gold closes above 29650 levels. Traders can initiate short  positions on every rise until Gold closes above 29650 levels.
           
R2
R1
S1
S2
TREND
GOLD
29750
29650
29450
29350
Bearish
Silver: Silver trading range for the day is 39900-39000. Technically Silver is getting support at 39500 and below same could see a test of 39000 level, And resistance is now likely to be seen at 39850, a move above could see prices testing 39950. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39850  levels.
           
R2
R1
S1
S2
  TREND
SILVER
39950
39850
38500
38000
  Bearish

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