BULLION OUTLOOK FOR 31 JULY -01 AUG 2017

Gold: Gold trading range for the day is 28000-28650. Gold is getting support at 28450 and below same could see a test of 28000 level, And resistance is now likely to be seen at 28560, a move above could see prices testing 28650. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28400 levels. Traders can initiate long positions on every dip until Gold closes below 28400 levels.

	R2	R1	S1		S2	TREND
GOLD	28650	28550	28400		28000	SIDEWAYS

Silver: Silver trading range for the day is 37900-38800. 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.

	R2	R1	S1		S2	TREND
SILVER	38300	38000	37700		37300	SIDEWAYS