3 October 2017

BULLION OUTLOOK FOR 03-04 OCT 2017

weekly CALL UPDATE:
GOLD HIT TGT 29400 MADE low OF 29335!!!
silver HIT all TGT 39400 MADE low OF 39255!!!
Gold: Gold trading range for the day is 29500-29200. Gold is getting support at 29300 and below same could see a test of 29150 level, And resistance is now likely to be seen at 29500, a move above could see prices testing 29650. Gold is trading into the negative zone and traders can hold sell positions until Gold closes above 29500 levels. Traders can initiate short positions on every rise until Gold closes above 29500 levels.
           
R2
R1
S1
S2
TREND
GOLD
30650
29500
29300
29150
Bearish
Silver: Silver trading range for the day is 39000-39600. Technically Silver is getting support at 39250 and below same could see a test of 39000 level, And resistance is now likely to be seen at 39350, a move above could see prices testing 39650. Silver is trading into the negative zone and traders can go short at every rise or hold short positions until Silver closes above 39500 levels.
           
R2
R1
S1
S2
  TREND
SILVER
39650
39500
39350
39000
  Bearish

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