6 July 2017

WEEKLY BULLION OUTLOOK FOR 10-14 JULY 2017

BUY GOLD @ 28100 SL 27950 TGT 28250-28350.

BUY SILVER @ 37400 SL 37200 TGT 37660-37800.

Gold: Gold trading range for the day is 27915-28350.  Technically market is getting support at 28011 and below same could see a test of 27915 level, And resistance is now likely to be seen at 28197, a move above could see prices testing 28287. Gold Future is trading into negative zone and traders can hold short positions until Gold closes above 28328 levels. Traders can initiate short positions on every rise until Gold closes above 28328 levels.

           
R2
R1
S1
S2
TREND
GOLD
28280
28195
28050
27950
Bullish
Silver: Silver trading range for the day is 36848-38084.Technically Silver is getting support at 37095 and below same could see a test of 36848 level, And resistance is now likely to be seen at 37650, a move above could see prices testing 38084. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 37785  levels. 
           
R2
R1
S1
S2
  TREND
SILVER
37900
37600
37350
37000
  Bullish

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