BULLION OUTLOOK FOR 01-05 JAN 2018

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Gold: Gold trading range for the day is 29250-28850. Gold is getting support at 28950 and below same could see a test of 28850 level, And resistance is now likely to be seen at 29100, a move above could see prices testing 29300. Gold is trading into a positive zone and traders can hold long positions until Gold closes below 28950 levels. Traders can initiate long positions on every dip until Gold closes below  28950  levels.

	R2	R1	S1		S2	TREND
GOLD	29250	29100	28950		28850	BULLISH

Silver: Silver trading range for the day is 39400-38500. Technically Silver is getting support at 38740 and below same could see a test of 38500 level, And resistance is now likely to be seen at 38900, a move above could see prices testing 39400. Silver is trading into a positive zone and traders can go long at every dip or hold long positions until Silver closes below 38740  levels.

	R2	R1	S1		S2	TREND
SILVER	40000	39750	38740		38500	BULLISH