BULLION OUTLOOK FOR 25-26 MAY 2017

SELL GOLD @ 28750 SL 28980 TGT 28640-28550

SELL SILVER @ 39800 SL 40050 TGT 39650-39550.

Gold: Gold trading range for the day is 28654-29014. Technically market is getting support at 28733 and below same could see a test of 28644 level, And resistance is now likely to be seen at 28913, a move above could see prices testing 29014. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28597 levels. Traders can initiate long positions on every dip until Gold Future closes below 28544 levels.

	R2	R1	S1		S2	TREND
GOLD	28850	28770	28690		27650	Bearish

Silver: Silver trading range for the day is 39367-40541. Technically market is under short covering and getting support at 39663 and below same could see a test of 39367 level, And resistance is now likely to be seen at 40250, a move above could see prices testing 40541. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39310 levels.