WEEKLY CALL UPDATE:

GOLD HIT ALL TGT 30750 MADE LOW OF 30665 !!!

SILVER HIT TGT 45420 MADE LOW OF 45379!!!

“SELL GOLD OCT @ 30900 SL 31380 TGT 30800-30750.

“SELL SILVER DEC @ 45800 SL 46240 TGT 45420-45040.

Gold:  MCX Gold prices has shown breakdown of symmetrical triangle pattern at 30880 levels on hourly time frame. On the other hand, prices have been trading below 20 HEMA on hourly chart. On the other hand, price has shown breakdown of horizontal trend line at 30820 levels on hourly chart. Moreover, Momentum Indicator RSI is trading below 50 levels on hourly time frame. For now we expect prices should move lower towards 30100 levels in the coming trading sessions

Outlook: Technically market is under long liquidation as market has witnessed drop in open interest by -10.06% to settled at 6141 while prices down -350 rupee, now Gold is getting support at 30869 and below same could see a test of 30761 level, And resistance is now likely to be seen at 31178, a move above could see prices testing 31379

	R2	R1	S1		S2	TREND
GOLD	31000	30900	30700		30650	SIDEWAYS

Silver:  On hourly chart MCX Silver price have been trading in horizontal channel pattern from past few weeks. Furthermore, MCX Silver prices are trading below its 20 HEMA on hourly time frame. In addition COMEX silver prices have been facing resistance of its falling

trend line at $19.50 levels on hourly chart. Moreover, Momentum indicator RSI is trading is below near 50 levels on hourly basis. For now we expect prices to move higher towards 45000 levels in few trading sessions.

Outlook:  Technically market is under fresh selling as market has witnessed gain in open interest by 18.26% to settled at 9552 while prices down -1007 rupee, now Silver is getting support at 45084 and below same could see a test of 44675 level, And resistance is now likely to be seen at 46175, a move above could see prices testing 46857.

	R2	R1	S1		S2	TREND
SILVER	46300	46000	45700		45500	BEARISH