16 June 2017

WEEKLY BULLION OUTLOOK FOR 19-23 june 2017

BUY GOLD ONLY ABOVE 29000 SL 28860 TGT 29180-29340.

BUY SILVER ONLY ABOVE 39300 SL 39000 TGT 39580-39850.

Gold: Gold trading range for the day is 28792-29206. Technically market is getting support at 28911 and below same could see a test of 28792 level, And resistance is now likely to be seen at 29118, a move above could see prices testing 29206. Gold  is trading into negative zone and traders can hold short positions until Gold closes above 29112 levels. Traders can initiate short positions on every rise until Gold closes above 29112 levels.

           
R2
R1
S1
S2
TREND
GOLD
29000
28800
28600
28500
SIDEWAYS
Silver: Silver trading range for the day is 38365-40347. Silver is getting support at 38891 and below same could see a test of 38365 level, And resistance is now likely to be seen at 39882, a move above could see prices testing 40347.  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39453  levels. 
           
R2
R1
S1
S2
  TREND
SILVER
39000
38800
38650
38500
  SIDEWAYS

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