WEEKLY BULLION OUTLOOK FOR 23-27 JAN 2017

SIEMENS ROCKS HIT TGT 1155 

 SELL GIVEN AT 1179 TO GET SUCH CALL MORE 

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 BUY GOLD Feb 2017 @ 28520 SL 28400 TGT 28650-28780

BUY SILVER Mar 2017 @ 41250 SL 40950 TGT 41640-41900

Gold:  Gold trading range for the day is 28359-28731

Outlook: Technically market is under long liquidation as market has witnessed drop in open interest by -5% to settled at 6751 while prices down -263 rupee, now Gold is getting support at 28444 and below same could see a test of 28359 level, And resistance is now likely to be seen at 28630, a move above could see prices testing 28731.

	R2	R1	S1		S2	TREND
GOLD	31000	30650	30500		30000	BULLISH

Silver: Silver trading range for the day is 40421-42129

Outlook:  Technically market is under long liquidation as market has witnessed drop in open interest by -4% to settled at 13109 while prices down - 727 rupee, now Silver is getting support at 40846 and below same could see a test of 40421 level, And resistance is now likely to be seen at 41700, a move above could see prices testing 42129.

	R2	R1	S1		S2	TREND
SILVER	41800	41500	41200		41000	SIDEWAYS