BULLION OUTLOOK FOR 19-20 JULY 2017

SELL GOLD 28200 SL 28380 TGT 28000-27900.

SELL SILVER 37600 SL 38200 TGT 37300-37200.

Gold: Gold trading range for the day is 27950-28320. Technically Gold is getting support at 27950 and below same could see a test of 27800 level, And resistance is now likely to be seen at 28260, a move above could see prices testing 28320. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28385 levels. Traders can initiate long positions on every dip until Gold closes below 27950 levels.

	R2	R1	S1		S2	TREND
GOLD	28320	28260	28150		27950	Bearish

Silver: Silver trading range for the day is 37000-38100. Technically Silver is getting support at 37400 and below same could see a test of 37000 level, And resistance is now likely to be seen at 37650, a move above could see prices testing 38100. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37000  levels.

	R2	R1	S1		S2	TREND
SILVER	38100	37650	37450		37000	Bearish