BULLION OUTLOOK FOR 01-02 NOV 2017

Gold: Gold trading range for the day is 29000-29500. Gold is getting support at 29100 and below same could see a test of 29000 level, And resistance is now likely to be seen at 29350, 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 29500 levels. Traders can initiate short positions on every rise until Gold closes above 29500 levels.

	R2	R1	S1		S2	TREND
GOLD	29500	29350	29100		29000	Bearish

Silver: Silver trading range for the day is 38600-39800. Technically Silver is getting support at 38800 and below same could see a test of 38600 level, And resistance is now likely to be seen at 39500, a move above could see prices testing 39800. Silver is trading into the negative zone and traders can go short at every rise or hold short positions until Silver closes above 39800 levels. 

	R2	R1	S1		S2	TREND
SILVER	39800	39500	38800		38500	Bearish