BULLION OUTLOOK FOR 22 FEB 2018

YESTERDAY’S CALL UPDATE:

GOLD HIT  TGT 30550 MADE LOW OF 30387!!

SILVER HIT  TGT 38200 MADE LOW OF 38087!! 

Gold: Gold trading range for the day is 30650-30200. Gold is getting support at 30350 and below same could see a test of 30200 level, And resistance is now likely to be seen at 30500, a move above could see prices testing 30650. 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  30500  levels.

	R2	R1	S1		S2	TREND
GOLD	30650	30500	30350		30200	Bearish

Silver: Silver trading range for the day is 38500-37800. Technically Silver is getting support at 38050 and below same could see a test of 37850 level, And resistance is now

likely to be seen at 38300, a move above could see prices testing 38500. Silver is trading into negative zone and traders can go short at every rise or hold short  positions until Silver closes above 38300  levels.

	R2	R1	S1		S2	TREND
SILVER	38500	38300	38200		38000	Bearish