BULLION OUTLOOK FOR NEXT WEEK 29 AUG -02 SEP

BUY SILVER OCT @ 44000 SL 44200 TGT 44500-44600

Gold:  Oct. Gold prices moved lower towards the lower end of its trading range around 31020 levels yesterday. Sustenance below 30950 will trigger a range breakdown. Prices will correct towards 30738/30669 levels in that case. Pullback rallies will face resistance 31156—31200 zones.

Outlook: We expect gold prices to trade positive .

	R2	R1	S1		S2	TREND
GOLD	31500	31100	30900		30750	BULLISH

Silver:  Silver prices are trading around its immediate support at 43700 levels. Momentum above 43967 levels will trigger an intraday bounce towards 44250/44400 areas. Sustenance below 43700 areas for few sessions will extend the correction towards 43000/42700 levels.

Outlook:  We expect Silver prices to trade positive

	R2	R1	S1		S2	TREND
SILVER	44200	44000	43800		43600	BULLISH