BULLION OUTLOOK FOR 06-07 SEP 2017

SELL GOLD 30100 SL 30350 TGT 29900-29800.

SELL SILVER 41400 SL 40650 TGT 41200-41000.

Gold: Gold trading range for the day is 30400-29800. Gold is getting support at 30100 and below same could see a test of 29800 level, And resistance is now likely to be seen at 30300, a move above could see prices testing 30500. Gold is trading into negative zone and traders can hold sell positions until Gold closes above 30300 levels. Traders can initiate short  positions on every rise until Gold closes above 30300 levels.

	R2	R1	S1		S2	TREND
GOLD	30500	29300	29100		28900	Bearish

Silver: Silver trading range for the day is 41700-41000. Technically Silver is getting support at 41400 and below same could see a test of 41000 level, And resistance is now likely to be seen at 41650, a move above could see prices testing 41750. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 41650  levels.

	R2	R1	S1		S2	TREND
SILVER	41800	41650	41500		41000	Bearish