WEEKLY BULLION OUTLOOK FOR 31 JULY -04 AUG 2017

SELL GOLD 28450 SL 27650 TGT 28250-28150.

SELL SILVER 38300 SL 38600 TGT 38000-37800.

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 28500, a move above could see prices testing 28650. Gold is trading into positive zone and traders can hold long positions until Gold Future closes below 28365 levels. Traders can initiate long positions on every dip until Gold  closes below 28365 levels.

	R2	R1	S1		S2	TREND
GOLD	28650	28500	28380		28250	Bearish

Silver: Silver trading range for the day is 37900-38600. Technically Silver is getting support at 38100 and below same could see a test of 37800 level, And resistance is now likely to be seen at 38500, a move above could see prices testing 38800. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38000  levels. 

	R2	R1	S1		S2	TREND
SILVER	38800	38500	38100		37900	Bearish