BULLION OUTLOOK FOR 19-20 JUNE 2017

SELL SILVER @ 38950 SL 39200 TGT 38720-38550

Sell gold @ 28650  SL 28750 TGT 28550-28480

Gold: Gold is trading into negative zone and traders can hold short positions until Gold closes above 29012 levels. Traders can initiate short positions on every rise until Gold closes above 29012 levels. Gold trading range for the day is 28563-29053. Technically market is getting support at 28666 and below same could see a test of 28563 level, And resistance is now likely to be seen at 28911, a move above could see prices testing 29053.

	R2	R1	S1		S2	TREND
GOLD	28780	28660	28500		28400	Bearish

Silver: Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39252  levels. Silver trading range for the day is 38214-39404. Technically market is getting support at 38468 and below same could see a test of 38214 level, And resistance is now likely to be seen at 39063, a move above could see prices testing 39404.

	R2	R1	S1		S2	TREND
SILVER	38600	38450	38300		38000	Bearish