BULLION OUTLOOK FOR 03-04 JULY 2017

SELL GOLD @ 28400 SL 28550 TGT 28300-28200.

SELL SILVER @ 38500 SL 39000 TGT 38000-37800

 Gold: Gold trading range for the day is 28280-28688. Technically Gold is getting support at 28359 and below same could see a test of 28280 level, And resistance is now likely to be seen at 28563, a move above could see prices testing 28688. Gold is trading into negative zone and traders can hold short positions until Gold closes above 28646 levels. Traders can initiate short positions on every rise until Gold closes above 28646 levels

	R2	R1	S1		S2	TREND
GOLD	28550	28440	28300		28200	Bearish

Silver: Silver trading range for the day is 38456-39142. Technically Silver is getting support at 38619 and below same could see a test of 38456 level, And resistance is now likely to be seen at 38962, a move above could see prices testing 39142.  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38249  levels.

	R2	R1	S1		S2	TREND
SILVER	38500	38300	38100		37900	Bearish