BULLION OUTLOOK FOR 25-26 JULY 2017

SELL GOLD 28500 SL 27650 TGT 28300-28150.

SELL SILVER 38000 SL 38500 TGT 37500-37300.

Gold: Gold trading range for the day is 28100-28500. Gold is getting support at 28400 and below same could see a test of 28300 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 closes below 28400 levels. Traders can initiate long positions on every dip until Gold closes below 28400 levels.

	R2	R1	S1		S2	TREND
GOLD	28650	28550	28400		28300	Bearish

Silver: Silver trading range for the day is 37300-38400. Technically Silver is getting support at 37600 and below same could see a test of 37300level, And resistance is now likely to be seen at 38200, a move above could see prices testing 38700. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37600  levels.

	R2	R1	S1		S2	TREND
SILVER	38700	38300	37700		37300	Bearish