WEEKLY BULLION OUTOOK FOR 27-31 MARCH 2017

BUY GOLD @ 28700 SL 28500 TGT 28900-29100.

 BUY SILVER @ 41500 SL 41000 TGT 41600-42000.

yesterday’S BULLION CALL HOLD FOR MONDAY 

Gold: Gold trading range for the day is 28635-29031Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels. Technically market is under long liquidation as market has witnessed drop in open interest by -7.83% to settled at 4087 while prices down -85 rupees, now Gold is getting support at 28718 and below same could see a test of 28635 level, And resistance is now likely to be seen at 28916, a move above could see prices testing 29031.

	R2	R1	S1		S2	TREND
GOLD	29200	29150	29080		28900	BULLISH

Silver:  Silver trading range for the day is 40989-41653.Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40874 levels. Traders can go short once Silver Future closes below 40874 levels. Technically market is under short covering as market has witnessed drop in open interest by -2.35% to settled at 13409 while prices up 67 rupees, now Silver is getting support at 41145 and below same could see a test of 40989 level, And resistance is now likely to be seen at 41477, a move above could see prices testing 41653.

	R2	R1	S1		S2	TREND
SILVER	42680	42570	42350		42000	BULLISH