WEEKLY CALL UPDATE:

GOLD HIT all TGT 29200 MADE HIGH OF 29189 !!!

silver HIT all TGT 42720 MADE HIGH OF 42799!!!

Gold: Gold trading range for the day is 28809-29305. Technically market is under long liquidation as market has witnessed drop in open interest by -2.48% to settled at 6130 while prices down -150 rupees, now Gold is getting support at 28914 and below same could see a test of 28809 level, And resistance is now likely to be seen at 29162, a move above could see prices testing 29305.Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 29317 levels. Traders can initiate short positions on every rise until Gold Future closes above 29317 levels.

	R2	R1	S1		S2	TREND
GOLD	29250	29190	29000		28900	BULLISH

Silver: Silver trading range for the day is 42177-42877. Technically market is under long liquidation as market has witnessed drop in open interest by -0.88% to settled at 11026, now Silver is getting support at 42354 and below same could see a test of 42177 level, And resistance is now likely to be seen at 42704, a move above could see prices testing 42877.Silver has entered in negative zone and traders can short at every rise or hold short positions until Silver closes above 43173 levels. Traders can go long once Silver Future closes above 43173 levels.

	R2	R1	S1		S2	TREND
SILVER	43000	42800	42500		42000	BULLISH