BULLION OUTLOOK FOR 06-07 JUNE 2017

YESTERDAY’S CALL UPDATE:

GOLD HIT all TGT 29450 MADE HIGH OF 29535!!!

silver HIT all TGT 40740 MADE HIGH OF 40774!!!

SELL GOLD  @ 29500 SL 29650 TGT 29400-29300.

SELL SILVER @ 40750 SL 41000 TGT 40600-40500

Gold: Gold trading range for the day is 29102-29356.Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28755 levels. Traders can initiate long positions on every dip until Gold Future closes below 28755 levels. Technically market is getting support at 29159 and below same could see a test of 29102 level, And resistance is now likely to be seen at 29286, a move above could see prices testing 29356.

	R2	R1	S1		S2	TREND
GOLD	29650	29550	29450		29300	Bearish

Silver: Silver trading range for the day is 40115-40789.Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39970  levels. Technically market is getting support at 40284 and below same could see a test of 40115 level, And resistance is now likely to be seen at 40621, a move above could see prices testing 40789.

	R2	R1	S1		S2	TREND
SILVER	41000	40800	40600		44000	Bearish