YESTERDAY’S CALL UPDATE:

GOLD HIT all TGT 28450 MADE HIGH OF 28520 !!!

silver HIT TGT 41250 MADE HIGH OF 41313!!!

Gold: Gold trading range for the day is 27979-28505.  Technically market is under short covering as market has witnessed drop in open interest by -1.42% to settled at 7024 while prices up 156 rupee, now Gold is getting support at 28139 and below same could see a test of 27979 level, And resistance is now likely to be seen at 28402, a move above could see prices testing 28505.

Outlook: On hourly chart, MCX Gold price has been hovering around its rising trend line at 28080 levels. , Momentum Indicator RSI have shown bullish range shift on hourly chart, which gives the sign of bullishness in the prices. For now we expect prices should move higher towards 28550 levels in the coming trading sessions.

	R2	R1	S1		S2	TREND
GOLD	28650	28550	28400		28200	SIDEWAYS

Silver: Silver trading range for the day is 40263-41621. Technically market is under fresh selling as market has witnessed gain in open interest by 0.24% to settled at 13539 while prices down -88 rupee, now Silver is getting support at 40635 and below same could see a test of 40263 level, And resistance is now likely to be seen at 41314, a move above could see prices testing 41621.

Outlook:  On 4 hourly chart, MCX Silver price has given breakout of its falling channel pattern at 40180 levels. momentum indicator RSI has taken support of its rising trend line at 53 levels on 4 hourly chart, which indicates strength in the prices. For now we expect prices to move higher towards 42500 levels in few trading sessions.

	R2	R1	S1		S2	TREND
SILVER	41500	41350	41100		41000	SIDEWAYS