BULLION OUTLOOK FOR 10-11 AUG 2017

BUY GOLD @ 28840 SL 28700 TGT 28960-29100.

BUY SILVER @ 38350 SL 38000 TGT 38640-38950.

Gold: Gold trading range for the day is 28600-29088. 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. Technically Gold is getting support at 28621 and below same could see a test of 28398 level, And resistance is now likely to be seen at 28966, a move above could see prices testing 29088.

	R2	R1	S1		S2	TREND
GOLD	29150	29000	28621		28500	Bullish

Silver: Silver trading range for the day is 37310-39330. Technically Silver is getting support at 38500 and below same could see a test of 37310 level, And resistance is now likely to be seen at 38960, a move above could see prices testing 39330.

	R2	R1	S1		S2	TREND
SILVER	39300	39200	38600		38500	Bullish