BULLION OUTLOOK FOR 20-21 JULY 2017

Gold: Gold trading range for the day is 27900-28300. Technically Gold is getting support at 27900 and below same could see a test of 28550 level, And resistance is now likely to be seen at 28250, a move above could see prices testing 28500. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28000 levels. Traders can initiate long positions on every dip until Gold closes below 28001 levels.

	R2	R1	S1		S2	TREND
GOLD	28380	28260	28150		27950	Bearish

Silver: Silver trading range for the day is 37300-38500. Technically Silver is getting support at 37450 and below same could see a test of 37300 level, And resistance is now likely to be seen at 37800, a move above could see prices testing 38200. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37300  levels.

	R2	R1	S1		S2	TREND
SILVER	38500	37800	37450		37300	Bearish