BULLION OUTLOOK FOR 29-30 MARCH 2017

Gold: Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels. Gold trading range for the day is 28701-28965. Technically market is getting support at 28774 and below same could see a test of 28701 level, And resistance is now likely to be seen at 28906, a move above could see prices testing 28965.

	R2	R1	S1		S2	TREND
GOLD	28760	28700	28600		28500	BULLISH

Silver: Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41716 levels. Traders can go short once Silver Future closes below 41716 levels. Silver trading range for the day is 41825-42721. Technically market is getting support at 42106 and below same could see a test of 41825 level, And resistance is now likely to be seen at 42554, a move above could see prices testing 42721.

	R2	R1	S1		S2	TREND
SILVER	42300	42200	42000		41800	BULLISH