BULLION OUTLOOK FOR 11-12 AUG 2017

yesterday’s CALL UPDATE:

GOLD HIT final TGT 29100 MADE low OF 29274!!!

silver HIT all TGT 38950 MADE low OF 39396!!!

Gold: Gold trading range for the day is 29000-29350. Gold is getting support at 29000 and below same could see a test of 28800/28500 level, And resistance is now likely to be seen at 29400, a move above could see prices testing 29660. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29000 levels. Traders can initiate long positions on every dip until Gold closes below 29000 levels.

	R2	R1	S1		S2	TREND
GOLD	28450	29300	29000		28800	Bullish

Silver: Silver trading range for the day is 38800-39500. Technically Silver is getting support at 39000 and below same could see a test of 38800/38500 level, And resistance is now likely to be seen at 39400, a move above could see prices testing 39800. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39000 levels.

	R2	R1	S1		S2	TREND
SILVER	39680	39400	39000		38500	Bullish