BULLION OUTLOOK FOR 26-27 JULY 2017

yesterday’s GOLD HIT TGT 28300 MADE low OF 28304!!!

Gold: Gold trading range for the day is 28000-28500. Gold is getting support at 28300 and below same could see a test of 28000 level, And resistance is now likely to be seen at 28400, a move above could see prices testing 28550. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28000 levels. Traders can initiate long positions on every dip until Gold closes below 28000 levels.

	R2	R1	S1		S2	TREND
GOLD	28500	28400	28250		28000	Bearish

Silver: Silver trading range for the day is 37300-38300. Technically Silver is getting support at 37700 and below same could see a test of 37300 level, And resistance is now likely to be seen at 38100, a move above could see prices testing 38300. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37700  levels.

	R2	R1	S1		S2	TREND
SILVER	38300	38100	37700		37300	Bearish