WEEKLY BULLION OUTLOOK FOR 03-07 APRIL

BUY GOLD @ 28450 SL 28250 TGT 28650-28750.

 BUY SILVER @ 41950 SL 41500 TGT 42200-42500.

Gold: Gold  has entered into negative zone and traders can hold short positions until Gold  closes above 28810 levels.  Gold trading range for the day is 28568-28818. Technically market is under long liquidation as market has witnessed drop in open interest by -8.93% to settled at 3091 while prices down -145 rupees, now Gold is getting support at 28635 and below same could see a test of 28568 level, And resistance is now likely to be seen at 28760, a move above could see prices testing 28818.

	R2	R1	S1		S2	TREND
GOLD	28650	28500	28400		28300	BULLISH

Silver: Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41760 levels. Traders can go short once Silver closes below 41760 levels. Silver trading range for the day is 41902-42488. Technically market is under fresh selling as market has witnessed gain in open interest by 0.23% to settled at 11658 while prices down -105 rupees, now Silver is getting support at 42092 and below same could see a test of 41902 level, And resistance is now likely to be seen at 42385, a move above could see prices testing 42488.

	R2	R1	S1		S2	TREND
SILVER	42150	42000	41900		41750	BULLISH