15 March 2017

BULLION OUTLOOK FOR 15-16 MARCH 2017

BUY GOLD @ 27900 SL 27800 TGT 28100-28200.

 SELL SILVER @ 40000 SL 40150 TGT 39800-39500.

Gold: Gold trading range for the day is 27913-28361. Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 28400 levels. Traders can initiate short positions on every rise until Gold Future closes above 28400 levels. . Technically now Gold is getting support at 27995 and below same could see a test of 27913 level, And resistance is now likely to be seen at 28219, a move above could see prices testing 28361.
           
R2
R1
S1
S2
TREND
GOLD
28150
28050
27900
27800
BULLISH
Silver: Silver trading range for the day is 39724-40646. Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 40876 levels. Traders can go long once Silver Future closes above 40876 levels. Technically now Silver is getting support at 39903 and below same could see a test of 39724 level, And resistance is now likely to be seen at 40364, a move above could see prices testing 40646.
           
R2
R1
S1
S2
  TREND
SILVER
42680
42570
42350
42000
  BULLISH

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