BULLION OUTLOOK FOR 24 MAY 2018

Gold: Gold trading range for the day is 31510-30900. Gold is getting support at 31050 and below same could see a test of 30900 level, And resistance is now likely to be seen at 31360, a move above could see prices testing 31510 . Prices possibly to rebound higher towards the upside trend line objective of 31500/31580. While in this positive note, fall below the exponential moving average support of 30850 may cajole fresh selling.

	R2	R1	S1		S2	TREND
GOLD	31510	31360	31050		30900	SIDEWAYS

Silver:Silver trading range for the day is 40850-40150. Technically Silver is getting support at 40400 and below same could see a test of 40150 level, And resistance is now likely to be

seen at 40650, a move above could see prices testing 40850. As long as moving average support of 40000 holds downside prices possibly recover towards 40850.

	R2	R1	S1		S2	TREND
SILVER	40850	40650	40400		40150	SIDEWAYS