BULLION OUTLOOK FOR 01-02 JUNE 2017

BUY GOLD @ 28700 SL 27550 TGT 28920-29100.

BUY SILVER @ 39650 SL 39400 TGT 39880-40100.

Gold: Gold trading range for the day is 28539-29087.Gold is trading into positive zone and traders can hold long positions until Gold Future closes below 28597 levels. Traders can initiate long positions on every dip until Gold closes below 28624 levels. Technically market is getting support at 28640 and below same could see a test of 28539 level, And resistance is now likely to be seen at 28914, a move above could see prices testing 29087.

	R2	R1	S1		S2	TREND
GOLD	28900	28800	28650		28500	Bullish

Silver: Silver trading range for the day is 39681-40771. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39745  levels. Technically Silver is getting support at 39982 and below same could see a test of 39681 level, And resistance is now likely to be seen at 40527, a move above could see prices testing 40771.

	R2	R1	S1		S2	TREND
SILVER	40000	39800	39600		39500	Bullish