BULLION OUTLOOK FOR 11-12 JULY 2017

BUY GOLD @ 27650 SL 27580 TGT 27850-27920.

BUY SILVER  @ 36200 SL 36000 TGT 36550-36800.

Gold: Gold trading range for the day is 27520-27950. Technically Gold is getting support at 27650 and below same could see a test of 27520 level, And resistance is now likely to be seen at 27875, a move above could see prices testing 27950. Gold is trading into negative zone and traders can hold short positions until Gold closes above 27937 levels. Traders can initiate short positions on every rise until Gold closes above 27937 levels.

	R2	R1	S1		S2	TREND
GOLD	27850	27750	27650		27550	BULLISH

Silver: Silver trading range for the day is 35060-37320. Technically Silver is getting support at 35800 and below same could see a test of 35060 level, And resistance is now likely to be seen at 36950, a move above could see prices testing 37330. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 36710  levels.

	R2	R1	S1		S2	TREND
SILVER	36500	36350	36200		36000	BULLISH