WEEKLY BULLION OUTLOOK FOR 21-25 AUG 2017

BUY GOLD 29300 SL 29000 TGT 29500-29600

BUY SILVER 39300 SL 39000 TGT 39600-39800

Gold: Gold trading range for the day is 29000-28500. Gold is getting support at 29000 and below same could see a test of 28500 level, And resistance is now likely to be seen at 29400, a move above could see prices testing 29600. 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	29600	29400	29200		29000	BULLISH

Silver: Silver trading range for the day is 39800-38500. Technically Silver is getting support at 38900 and below same could see a test of 38500 level, And resistance is now likely to be seen at 39600, 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 39500  levels.

	R2	R1	S1		S2	TREND
SILVER	38800	38500	38900		38500	BULLISH