BULLION OUTLOOK FOR 15-16 MAY 2017

weekly CALL UPDATE:

silver HIT all TGT 38300 MADE low OF 38531!!!

BUY GOLD @ 28056 SL 27960 TGT 28140-28260.

BUY SILVER @ 38180 SL 37980 TGT 38360-38560.

Gold: Gold trading range for the day is 27878-28192. Technically now Gold is getting support at 27941 and below same could see a test of 27878 level, And resistance is now likely to be seen at 28098, a move above could see prices testing 28192. Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28226 levels. Traders can initiate short positions on every rise until Gold Future closes above 28226 levels.

	R2	R1	S1		S2	TREND
GOLD	28226	28150	28000		27900	BULLISH

Silver: Silver trading range for the day is 37980-38380. Technically now Silver is getting support at 38067 and below same could see a test of 37980 level, And resistance is now likely to be seen at 38267, a move above could see prices testing 38380. 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	38500	38300	38350		38300	BULLISH