4 July 2017

BULLION OUTLOOK FOR 04-05 JULY 2017

SELL GOLD @ 28200 SL 28350 TGT 28050-27950.

SELL SILVER @ 38000 SL 38350 TGT 37780-37500.

Gold: Gold  is trading into negative zone and traders can hold short positions until Gold closes above 28477 levels. Traders can initiate short positions on every rise until Gold  closes above 28477 levels. Gold trading range for the day is 27837-28545. Technically market is getting support at 27961 and below same could see a test of 27837 level, And resistance is now likely to be seen at 28315, a move above could see prices testing 28545.

           
R2
R1
S1
S2
TREND
GOLD
28226
28150
28050
27950
Bearish
Silver: Silver has entered into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38344  levels. Silver trading range for the day is 37093-39181. Technically Silver is getting support at 37460 and below same could see a test of 37093 level, And resistance is now likely to be seen at 38504, a move above could see prices testing 39181.
           
R2
R1
S1
S2
  TREND
SILVER
38000
37900
37700
37500
  Bearish

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