BULLION OUTLOOK FOR 25 MAY 2018

Gold: Gold trading range for the day is 31500-31000. Gold is getting support at 31200 and below same could see a test of 31050 level, And resistance is now likely to be seen at 31350, a move above could see prices testing 31500 . 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 30900 may cajole fresh selling.

	R2	R1	S1		S2	TREND
GOLD	31510	31350	31200		31050	SIDEWAYS

Silver:Silver trading range for the day is 40850-40050. Technically Silver is getting support at 40300 and below same could see a test of 40050 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  towards 40850.

	R2	R1	S1		S2	TREND
SILVER	40850	40650	40300		40050	SIDEWAYS