7 June 2017

BULLION OUTLOOK FOR 07-08 JUNE 2017

BUY GOLD @ 29400 SL 29380 TGT 29620-29740.

BUY SILVER  @ 40500 SL 40350 TGT 40700-40980.

Gold: Gold trading range for the day is 29172-29782. Technically market is getting support at 29369 and below same could see a test of 29172 level, And resistance is now likely to be seen at 29674, a move above could see prices testing 29782. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29155 levels. Traders can initiate long positions on every dip until Gold closes below 29155 levels.

           
R2
R1
S1
S2
TREND
GOLD
29650
29500
29300
29150
BULLISH
Silver: Silver trading range for the day is 40300-41080. Technically Silver is getting support at 40538 and below same could see a test of 40300 level, And resistance is now likely to be seen at 40928, a move above could see prices testing 41080. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40171  levels.
           
R2
R1
S1
S2
  TREND
SILVER
41000
40600
40400
40100
  BULLISH