BULLION OUTLOOK FOR 21-22 AUG 2017

SELL GOLD 29000 SL 29200 TGT 28850-28500.

SELL SILVER 38800 SL 39000 TGT 38500-38300.

Gold: Gold trading range for the day is 28800-29500. Gold is getting support at 29000 and below same could see a test of 28800 level, And resistance is now likely to be seen at 29200, a move above could see prices testing 29400. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28800 levels. Traders can initiate long positions on every dip until Gold closes below 28800 levels.

	R2	R1	S1		S2	TREND
GOLD	29400	29200	29000		28800	Bearish

Silver: Silver trading range for the day is 38500-39500. Technically Silver is getting support at 38800 and below same could see a test of 38500 level, And resistance is now likely to be seen at 39100, a move above could see prices testing 39300. 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	39300	39100	38800		38500	Bearish