BULLION OUTLOOK FOR 26-27 SEP 2017

Gold: Gold trading range for the day is 30300-29800. Gold is getting support at 29900 and below same could see a test of 29800 level, And resistance is now likely to be seen at 30200, a move above could see prices testing 30400. Gold has entered into positive zone and traders can hold long positions until Gold closes below 29540 levels. Traders can initiate long positions on every dip until Gold closes below 29540 levels.

	R2	R1	S1		S2	TREND
GOLD	30400	30200	29900		28800	Bearish

Silver: Silver trading range for the day is 40800-39900. Technically Silver is getting support at 40150 and below same could see a test of 39900 level, And resistance is now likely to be seen at 40600, a move above could see prices testing 40800. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40388  levels.

	R2	R1	S1		S2	TREND
SILVER	40800	40600	40150		39900	Bearish