30 October 2017

BULLION OUTLOOK FOR 30-31 OCT 2017

Gold: Gold trading range for the day is 29000-29500. Gold is getting support at 29200 and below same could see a test of 29000 level, And resistance is now likely to be seen at 29300, a move above could see prices testing 29500. Gold is trading into the negative zone and traders can hold short positions until Gold closes above 29300 levels. Traders can initiate short positions on every rise until Gold closes above 29300 levels.

           
R2
R1
S1
S2
TREND
GOLD
29500
29300
29200
29000
Bearish
Silver: Silver trading range for the day is 38800-39500. Technically Silver is getting support at 39000 and below same could see a test of 38800 level, And resistance is now likely to be seen at 39200, a move above could see prices testing 39500. Silver is trading into the negative zone and traders can go short at every rise or hold short positions until Silver closes above 39200 levels. 
           
R2
R1
S1
S2
  TREND
SILVER
39200
39200
39000
38800
  Bearish

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