BULLION OUTLOOK FOR 11-12 SEP 2017

SELL GOLD 30100 SL 30250 TGT 29950-29800.

SELL SILVER 41200 SL 40500 TGT 40900-40500.

Gold: Gold trading range for the day is 30300-29800. Gold is getting support at 30000 and below same could see a test of 29800 level, And resistance is now likely to be seen at 30250, a move above could see prices testing 30400. Gold is trading into negative zone and traders can hold sell positions until Gold closes above 30250 levels. Traders can initiate short  positions on every rise until Gold closes above 30250 levels.

	R2	R1	S1		S2	TREND
GOLD	30400	30200	30000		28800	Bearish

Silver: Silver trading range for the day is 41500- 40700. Technically Silver is getting support at 41000 and below same could see a test of 40700 level, And resistance is now likely to be seen at 41250, a move above could see prices testing 41500. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 41250  levels.

	R2	R1	S1		S2	TREND
SILVER	41500	41250	41000		40700	Bearish