BULLION OUTLOOK FOR 23 MAY 2018

18 may 2018 CALL UPDATE:
silver HIT TGT 40450 MADE HIGH OF 40565

gold HIT TGT 31150 MADE HIGH OF 31155

Gold: Gold trading range for the day is 31380-30820. Gold is getting support at 30950 and below same could see a test of 30820 level, And resistance is now likely to be seen at 31160, a move above could see prices testing 31380 . Prices possibly to rebound higher towards the upside trend line objective of 31300/31380. While in this positive note, fall below the exponential moving average support of 30800 may cajole fresh selling.

	R2	R1	S1		S2	TREND
GOLD	31380	31160	30950		30820	SIDEWAYS

Silver:Silver trading range for the day is 40850-39950. Technically Silver is getting support at 40200 and below same could see a test of 39950 level, And resistance is now likely to be

seen at 40600, a move above could see prices testing 40850. As long as moving average support of 39950 holds downside prices possibly recover towards 40450.

	R2	R1	S1		S2	TREND
SILVER	40850	40600	40200		39950	SIDEWAYS