BULLION OUTLOOK FOR 27-28 JULY 2017

BUY GOLD @ 28450 SL 28350 TGT 28550-28650.

BUY SILVER @ 38250 SL 38100 TGT 38450-38740.

Gold: Gold is trading into positive zone and traders can hold long positions until Gold closes below 28500 levels. Traders can initiate long positions on every dip until Gold closes below 28500 levels. Gold trading range for the day is 28300-28600. Technically market is getting support at 28325 and below same could see a test of 28265 level, And resistance is now likely to be seen at 28424, a move above could see prices testing 28463.

	R2	R1	S1		S2	TREND
GOLD	28700	28620	28500		28325	Bearish

Silver: Silver trading range for the day is 37300-38300. Technically Silver is getting support at 38300 and below same could see a test of 38000 level, And resistance is now likely to be seen at 38600, a move above could see prices testing 39000. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38300  levels. Silver trading range for the day is 37900-38600. 

	R2	R1	S1		S2	TREND
SILVER	39000	38600	38300		38000	Bearish