WEEKLY BULLION OUTLOOK FOR 17-21 JULY 2017

SELL GOLD @ 28850 SL 29000 TGT 28700-28600.

SELL SILVER @ 36600 SL 36900 TGT 36400-36200.

Gold: Gold trading range for the day is 29000-28652. Technically Gold is getting support at 28500 and below same could see a test of 28380 level, And resistance is now likely to be seen at 28000, a move above could see prices testing 28352. Gold is trading into negative zone and traders can hold short positions until Gold closes above 28000 levels. Traders can initiate short positions on every rise until Gold closes above 28000 levels.

	R2	R1	S1		S2	TREND
GOLD	28000	27900	27800		27700	Bearish

Silver: Silver trading range for the day is 37000-36200. Technically Silver is getting support at 36500 and below same could see a test of 36300 level, And resistance is now likely to be seen at 36600, a move above could see prices testing 36900. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 36200  levels. 

	R2	R1	S1		S2	TREND
SILVER	36700	36550	36400		36200	Bearish