BULLION OUTLOOK FOR 27-28 JUNE 2017

SELL GOLD @ 28700 SL 28920 TGT 28600-29500.

SELL SILVER @ 39650 SL 39880 TGT 39500-39200.

Gold: Gold trading range for the day is 28450-28750. Technically market is getting support at 28470 and below same could see a test of 28300 level, And resistance is now likely to be seen at 28712, a move above could see prices testing 28795. Gold  is trading into negative zone and traders can hold short positions until Gold closes above 28646 levels. Traders can initiate short positions on every rise until Gold closes above 28646 levels.

	R2	R1	S1		S2	TREND
GOLD	28712	28650	28550		28450	Bearish

Silver: Silver trading range for the day is 38200-38600. Technically Silver is getting support at 38035 and below same could see a test of 37851 level, And resistance is now likely to be seen at 38510, a move above could see prices testing 38717.Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38589  levels. 

	R2	R1	S1		S2	TREND
SILVER	38750	38550	38450		38300	Bearish