WEEKLY BULLION OUTLOOK FOR 24-28 JULY 2017

BUY GOLD 28000 SL 27650 TGT 28300-28500.MCX.

BUY SILVER 37300 SL 37000 TGT 37800-38100.MCX

Gold: Gold trading range for the day is 28000-28500. Gold is getting support at 28250 and below same could see a test of 28000 level, And resistance is now likely to be seen at 28400, a move above could see prices testing 28550. 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 28000 levels.

	R2	R1	S1		S2	TREND
GOLD	28500	28400	28250		28000	Bearish

Silver: Silver trading range for the day is 37300-38300. Technically Silver is getting support at 37700 and below same could see a test of 37300level, And resistance is now likely to be seen at 38000, a move above could see prices testing 38300. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37700  levels.

	R2	R1	S1		S2	TREND
SILVER	38300	38000	37700		37300	Bearish