1 January 2018

BULLION OUTLOOK FOR 01-02 JAN 2018

Gold: Gold trading range for the day is 29400-29050. Gold is getting support at 29100 and below same could see a test of 29000 level, And resistance is now likely to be seen at 29200, a move above could see prices testing 29350. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29100 levels. Traders can initiate long positions on every dip until Gold closes below  29100  levels.
           
R2
R1
S1
S2
TREND
GOLD
30350
29200
29100
29000
BULLISH
Silver: Silver trading range for the day is 39500-38700. Technically Silver is getting support at 39000 and below same could see a test of 38700 level, And resistance is now likely to be seen at 39250, a move above could see prices testing 39500. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 39000  levels.
           
R2
R1
S1
S2
  TREND
SILVER
39500
39250
39000
38700
  BULLISH

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