WEEKLY BULLION OUTLOOK FOR 10-14 APRIL 2017

WEEKLY CALL UPDATE:

GOLD HIT all TGT 28750 MADE HIGH OF 28963 !!!

silver HIT  TGT 42500 MADE HIGH OF 42820!!!

BUY GOLD @ 28800 SL 28600 TGT 29200-29280.

 BUY SILVER @ 42200 SL 41900 TGT 42720-42880.

Gold: Gold  is trading into negative zone and traders can hold short positions until Gold  closes above 28967 levels. Traders can initiate short positions on every rise until Gold  closes above 28967 levels. Gold trading range for the day is 28542-29040. Technically market is under fresh selling as market has witnessed gain in open interest by 1.79% to settled at 6754 while prices down -84 rupees, now Gold is getting support at 28632 and below same could see a test of 28542 level, And resistance is now likely to be seen at 28881, a move above could see prices testing 29040.

	R2	R1	S1		S2	TREND
GOLD	29100	28950	28800		28700	BULLISH

Silver: Silver has entered into negative zone and traders can go short at every rise or hold short positions until Silver closes above 42621 levels. Silver trading range for the day is 41708-42582. Technically market is under fresh selling as market has witnessed gain in open interest by 2.05% to settled at 12179, now Silver is getting support at 41901 and below same could see a test of 41708 level, And resistance is now likely to be seen at 42338, a move above could see prices testing 42582.

	R2	R1	S1		S2	TREND
SILVER	42550	42400	42300		42100	BULLISH