BULLION OUTLOOK FOR 20-21 FEB 2018

YESTERDAY’S CALL UPDATE:

GOLD HIT  TGT 30600 MADE low OF 30575!!

silver HIT BUY TGT 38300 MADE low OF 38231!! 

Gold: Gold trading range for the day is 30800-30400. Gold is getting support at 29550 and below same could see a test of 30400 level, And resistance is now likely to be seen at 30650, a move above could see prices testing 29750. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30650 levels. Traders can initiate short  positions on every rise until Gold closes above  30650  levels.

	R2	R1	S1		S2	TREND
GOLD	30750	30650	30550		30400	Bearish

Silver: Silver trading range for the day is 38800-38000. Technically Silver is getting support at 38200 and below same could see a test of 38000 level, And resistance is now

likely to be seen at 38500, a move above could see prices testing 38800. Silver is trading into negative zone and traders can go short at every rise or hold short  positions until Silver closes above 38500  levels.

	R2	R1	S1		S2	TREND
SILVER	38800	38500	38200		38000	Bearish