28 August 2017

BULLION OUTLOOK FOR 28-29 AUG 2017

BUY GOLD 29100 SL 28900 TGT 29400-29500.MCX.

BUY SILVER 39000 SL 38700 TGT 39400-39600.MCX

Gold: Gold trading range for the day is 28900-29400. Gold is getting support at 29100 and below same could see a test of 28900 level, And resistance is now likely to be seen at 29300, a move above could see prices testing 29400. Gold is trading into 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
29400
29300
29100
29000
Bearish
Silver: Silver trading range for the day is 38800-39500. Technically Silver is getting support at 39000 and below same could see a test of 38800 level, And resistance is now likely to be seen at 39300, a move above could see prices testing 39500. Silver is trading into 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
39300
39000
38800
  Bearish

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