BULLION OUTLOOK FOR 03-06 OCT 2017

SELL GOLD 29650 SL 29800 TGT 29500-29400.

SELL SILVER 39800 SL 40100 TGT 39600-39400.

Gold: Gold trading range for the day is 29800-29400. Gold is getting support at 29500 and below same could see a test of 29400 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 short positions until Gold closes above 29800 levels. Traders can initiate short positions on every rise until Gold closes above 29800 levels.

	R2	R1	S1		S2	TREND
GOLD	29800	29650	29500		29400	Bearish

Silver: Silver trading range for the day is 40000-39400. Technically Silver is getting support at 39700 and below same could see a test of 39400 level, And resistance is now likely to be seen at 39820, a move above could see prices testing 40000. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40000  levels.

	R2	R1	S1		S2	TREND
SILVER	40200	40000	39700		39500	Bearish