BULLION OUTLOOK FOR 26-27 DEC 2016

“SELL GOLD FEB @ 27000 SL 27250 TGT 26820-26660.”

“SELL SILVER MAR @ 38800 SL 39250 TGT 38550-38250.”

Gold:  Technically now Gold is getting support at 26922 and below same could see a test of 26850 level, And resistance is now likely to be seen at 27054, a move above could see prices testing 27114.

Outlook: Gold trading range for the day is 26850-27114.

	R2	R1	S1		S2	TREND
GOLD	31000	30650	30500		30000	SIDEWAYS

Silver: Technically market is under fresh selling as market has witnessed gain in open interest by 0.53% to settled at 14869 while prices down -375 rupee, now Silver is getting support at 38371 and below same could see a test of 38147 level, And resistance is now likely to be seen at 38992, a move above could see prices testing 39389.

Outlook:  Silver trading range for the day is 38147-39389.

	R2	R1	S1		S2	TREND
SILVER	44250	44100	44000		43750	SIDEWAYS