BULLION OUTLOOK FOR 30-31 MAY 2017

BUY GOLD @ 28850 SL 28750 TGT 28980-29150.

BUY SILVER @ 40100 SL 39850 TGT 40380-40640.

Gold: Gold trading range for the day is 28782-29000. Technically Gold is getting support at 28841 and below same could see a test of 28782 level, And resistance is now likely to be seen at 28950, a move above could see prices testing 29000. 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 closes below 28624 levels.

	R2	R1	S1		S2	TREND
GOLD	29000	28900	28800		28700	Bullish

Silver: Silver trading range for the day is 40001-40535. Technically Silver is getting support at 40169 and below same could see a test of 40001 level, And resistance is now likely to be seen at 40436, a move above could see prices testing 40535.

	R2	R1	S1		S2	TREND
SILVER	40300	40200	40000		39800	Bullish