BULLION OUTLOOK FOR 12-13 JUNE 2017

SELL GOLD @ 29000 SL 29250 TGT 28920-28800.

SELL SILVER @ 39600 SL 40100 TGT 39460-39350.

Gold: Gold trading range for the day is 28812-29204. Gold is getting support at 28915 and below same could see a test of 28812 level, And resistance is now likely to be seen at 29111, a move above could see prices testing 29204. Gold is trading into negative zone and traders can hold short positions until Gold closes above 29318 levels. Traders can initiate short positions on every rise until Gold closes above 29318 levels.

	R2	R1	S1		S2	TREND
GOLD	29130	29100	29000		28900	Bearish

Silver: Silver trading range for the day is 39345-40121. Technically Silver is getting support at 39520 and below same could see a test of 39345 level, And resistance is now likely to be seen at 39908, a move above could see prices testing 40121. Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40321  levels.

	R2	R1	S1		S2	TREND
SILVER	39850	39700	39500		39300	Bearish