31 August 2017

BULLION OUTLOOK FOR 01 SEP 2017

yesterday's CALL UPDATE:
silver HIT all TGT 39550 MADE low OF 39466!!!
Gold: Gold trading range for the day is 29700-29200. Gold is getting support at 29400 and below same could see a test of 29200 level, And resistance is now likely to be seen at 29550, a move above could see prices testing 29650. Gold is trading into negative zone and traders can hold sell positions until Gold closes above 29550 levels. Traders can initiate short  positions on every rise until Gold closes above 29550 levels.
           
R2
R1
S1
S2
TREND
GOLD
29650
29550
29400
29200
Bearish
Silver: Silver trading range for the day is 39800-39200. Technically Silver is getting support at 39450 and below same could see a test of 39100 levels, and resistance is now likely to be seen at 39650, a move above could see prices testing 39750. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39650  levels.
           
R2
R1
S1
S2
  TREND
SILVER
39750
39650
39450
39100
  Bearish

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