Bullion's Outlook 5th Oct 2011

Gold CMP is 1620$ :: resistance is seen at 1630 and if fails to cross the same will move to test the level of 1610 - 1602 - 1590 level on lower side.

Silver CMP is29.5$ :: Resistance is seen at 30$ and till the time its trading below the same resistance level its expected to test 29 - 28.6 - 28 $ on lower side.

we maintain bearish view on both crossover above resistance level will only hamper the bearish outlook for short term.