BULLION OUTLOOK FOR 05-06 JUNE 2017

Gold: Gold trading range for the day is 28785-29113. Technically market is getting support at 28864 and below same could see a test of 28785 level, And resistance is now likely to be seen at 29028, a move above could see prices testing 29113. Gold is trading into positive zone and traders can hold long positions until Gold closes below 28597 levels. Traders can initiate long positions on every dip until Gold  closes below 28624 levels.

	R2	R1	S1		S2	TREND
GOLD	29350	29250	29150		29000	Bullish

Silver: Silver trading range for the day is 39005-40469. Technically market is getting support at 39409 and below same could see a test of 39005 level, And resistance is now likely to be seen at 40141, a move above could see prices testing 40469. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39745  levels.

	R2	R1	S1		S2	TREND
SILVER	40660	40450	40200		40000	Bullish