WEEKLY BULLION TRADING RANGE FOR 12-16 FEB 2018

Gold: Gold trading range for the week would be 30250-29600. Gold is getting support at 29900 and below same could see a test of 29700 level, And resistance is now likely to be seen at 30150, a move above could see prices testing 30250. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30150 levels. Traders can initiate short positions on every rise until Gold closes above  30150  levels.

	R2	R1	S1		S2	TREND
GOLD	30250	30150	29900		29700	Bearish

Silver: Silver trading range for the day is 38500-37400. Technically Silver is getting support at 37700 and below same could see a test of 37400 level, And resistance is now likely to be seen at 38100, 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 38100  levels.

	R2	R1	S1		S2	TREND
SILVER	38500	38100	37700		37400	Bearish