WEEKLY BULLION TRADING TIPS FOR 06-10 MAR

BUY GOLD @ 29030 SL 29000 TGT 29200-29280.

 BUY SILVER @ 42500 SL 42100 TGT 42720-42880.

Gold: Gold trading range for the day is 28966-29524. Technically market is under fresh selling as market has witnessed gain in open interest by 0.11% to settled at 6286, now Gold is getting support at 29068 and below same could see a test of 28966 level, And resistance is now likely to be seen at 29347, a move above could see prices testing 29524.  Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 29514 levels. Traders can initiate short positions on every rise until Gold Future closes above 29514 levels.

	R2	R1	S1		S2	TREND
GOLD	29200	29100	29000		28900	BULLISH

Silver: Silver trading range for the day is 41532-44546. Technically market is under long liquidation as market has witnessed drop in open interest by -2.47% to settled at 11124 while prices down -1406 rupees, now Silver is getting support at 42088 and below same could see a test of 41532 level, And resistance is now likely to be seen at 43595, a move above could see prices testing 44546. Silver has entered in negative zone and traders can short at every rise or hold short positions until Silver closes above 43265 levels. Traders can go short once Silver Future closes above 43265 levels.

	R2	R1	S1		S2	TREND
SILVER	42680	42570	42350		42000	BULLISH