BULLION OUTLOOK FOR 10-11 MAY 2017

yesterday’s CALL UPDATE:

GOLD HIT all TGT 37780 MADE low OF 37720!!!

silver HIT all TGT 28000 MADE low OF 27951!!!

SELL GOLD 29150 SL 29300 TGT 27960-27800.

SELL SILVER 38200 SL 38500 TGT 37950-37600.

Gold: Gold trading range for the day is 27809-28255. Technically market is getting support at 27890 and below same could see a test of 27809 level, And resistance is now likely to be seen at 28113, a move above could see prices testing 28255. Gold is trading into negative zone and traders can hold short positions until Gold closes above 28265 levels. Traders can initiate short positions on every rise until Gold Future closes above 28265 levels.

	R2	R1	S1		S2	TREND
GOLD	28280	28200	28100		27900	Bearish

Silver: Silver trading range for the day is 37452-38326. Technically market is getting support at 37621 and below same could see a test of 37452 level, And resistance is now likely to be seen at 38058, a move above could see prices testing 38326. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.

	R2	R1	S1		S2	TREND
SILVER	38300	38050	37900		37700	Bearish