BULLION OUTLOOK FOR 02-03 AUG 2017

Gold: Gold trading range for the day is 28800-28300. Gold is getting support at 28500 and below same could see a test of 28300 level, And resistance is now likely to be seen at 28750, a move above could see prices testing 29000. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28500 levels. Traders can initiate long positions on every dip until Gold closes below 28500 levels.

	R2	R1	S1		S2	TREND
GOLD	29000	28750	28650		28500	BULLISH

Silver: Silver trading range for the day is 37800-38500. Technically Silver is getting support at 38000 and below same could see a test of 37800 level, And resistance is now likely to be seen at 38400, a move above could see prices testing 38600. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38000  levels.

	R2	R1	S1		S2	TREND
SILVER	38600	38400	38000		38800	BULLISH