BULLION OUTLOOK FOR 02-03 NOV 2017

BUY GOLD 29200 SL 29100 TGT 29300-29450.

BUY SILVER 39550 SL 39200 TGT 39800-40000.

Gold: Gold trading range for the day is 29400-29150. Gold is getting support at 29200 and below same could see a test of 29100 level, And resistance is now likely to be seen at 29320, a move above could see prices testing 29450. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 29200 levels. Traders can initiate long positions on every dip until Gold closes below  29100  levels.

	R2	R1	S1		S2	TREND
GOLD	30500	29320	29100		29000	BULLISH

Silver: Silver trading range for the day is 40000-39200. Technically Silver is getting support at 39500 and below same could see a test of 39200 level, And resistance is now likely to be seen at 39750, a move above could see prices testing 40000. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 39500  levels.

	R2	R1	S1		S2	TREND
SILVER	40000	39750	39500		39200	BULLISH