1 September 2017

WEEKLY BULLION OUTLOOK FOR 04-08 SEP 2017

SELL GOLD 29700 SL 29900 TGT 29400-29000.

SELL SILVER 40700 SL 41000 TGT 40400-40000.

Gold: Gold trading range for the day is 29900-29400. Gold is getting support at 29700 and below same could see a test of 29550 level, And resistance is now likely to be seen at 29750, a move above could see prices testing 29900. Gold is trading into negative zone and traders can hold sell 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
29950
29800
29700
29500
Bearish
Silver: Silver trading range for the day is 40800-40200. Technically Silver is getting support at 40600 and below same could see a test of 40500 level, And resistance is now likely to be seen at 40720, a move above could see prices testing 40900. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40720  levels.
           
R2
R1
S1
S2
  TREND
SILVER
40900
40720
40600
40450
  Bearish

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