12 July 2017

BULLION OUTLOOK FOR 12-12 JULY 2017

BUY GOLD @ 27750 SL 27600 TGT 27880-28000.

BUY SILVER @ 36600 SL 36350 TGT 36950-37200.

Gold: Gold trading range for the day is 27602-27986. Technically, Gold is getting support at 27840 and below same could see a test of 27650 level, And resistance is now likely to be seen at 27900, a move above could see prices testing 27986. 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 28000 levels

           
R2
R1
S1
S2
TREND
GOLD
28000
27900
27840
27650
Bullish
Silver: Silver trading range for the day is 37300-36800. Technically , Silver is getting support at 36780 and below same could see a test of 35650 level, And resistance is now likely to be seen at 37030, a move above could see prices testing 37316. Silver has entered into positive zone and traders can go long at every dip or hold long positions until Silver closes below 36500 levels.
           
R2
R1
S1
S2
  TREND
SILVER
37250
37000
36780
36500
  Bullish

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