BULLION OUTLOOK FOR 22-23 JUNE 2017

Gold: Gold is trading into negative zone and traders can hold short positions until Gold closes above 28730 levels. Traders can initiate short positions on every rise until Gold closes above 28730 levels. Gold trading range for the day is 28367-28750. . Technically market is getting support at 28450 and below same could see a test of 28360 level, And resistance is now likely to be seen at 28700, a move above could see prices testing 28750.

	R2	R1	S1		S2	TREND
GOLD	28226	28150	28050		27950	Bearish

Silver: Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38600  levels. Silver trading range for the day is 37590-38420.

	R2	R1	S1		S2	TREND
SILVER	38500	38300	38100		37900	Bearish