WEEKLY BULLION OUTLOOK 17-21 APRIL 2017

weekly CALL UPDATE:

GOLD HIT all TGT 29280 !!!

silver almost HIT TGT 42720

BUY GOLD JUN 2017 @ 29300 SL 29150 TGT 29500-29650.

 BUY SILVER MAY 2017 @ 42350 SL 42100 TGT 42580-42800.

Gold: Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28967 levels. Traders can initiate long positions on every dip until Gold Future closes below 28967 levels. Gold trading range for the day is 29101-29361. Technically market is under fresh buying as market has witnessed gain in open interest by 2.54% to settled at 7467 while prices up 36 rupees, now Gold is getting support at 29165 and below same could see a test of 29101 level, And resistance is now likely to be seen at 29295, a move above could see prices testing 29361.

	R2	R1	S1		S2	TREND
GOLD	29550	29450	29350		29250	BULLISH

Silver: Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41714 levels. Silver trading range for the day is 41994-42522. Technically market is under short covering as market has witnessed drop in open interest by -2.36% to settled at 12309 while prices up 15 rupees, now Silver is getting support at 42098 and below same could see a test of 41994 level, And resistance is now likely to be seen at 42362, a move above could see prices testing 42522.

	R2	R1	S1		S2	TREND
SILVER	42800	42700	42500		42200	BULLISH