9 August 2017

BULLION OUTLOOK FOR 09-10 AUG 2017

weekly CALL UPDATE:
GOLD HIT TGT 28650 MADE low OF 28700!!!

Gold: Gold trading range for the day is 28300-28800. Gold is getting support at 28500 and below same could see a test of 28300 level, And resistance is now likely to be seen at 28700, a move above could see prices testing 28800. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28500 levels. Traders can initiate long positions on every dip until Gold closes below 28500 levels.
           
R2
R1
S1
S2
TREND
GOLD
28800
28700
28500
28300
Bearish
Silver: Silver trading range for the day is 37500-38300. Technically Silver is getting support at 37650 and below same could see a test of 37500 level, And resistance is now likely to be seen at 38100, a move above could see prices testing 38300. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37500  levels.
           
R2
R1
S1
S2
  TREND
SILVER
38300
38100
37650
37500
  Bearish

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