WEEKLY CALL UPDATE:

GOLD HIT TGT 28900 MADE HIGH OF 28924 !!!

silver HIT TGT 41600 MADE HIGH OF 41840!!!

Gold and Silver hold for final target raise sl to cost price

Gold: Gold trading range for the day is 28650-28900. Technically market is under fresh selling as market has witnessed gain in open interest by 2.99% to settled at 4209, now Gold is getting support at 28722 and below same could see a test of 28650 level, And resistance is now likely to be seen at 28847, a move above could see prices testing 28900. Gold 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.

	R2	R1	S1		S2	TREND
GOLD	29000	28950	28800		28700	BULLISH

Silver: Silver trading range for the day is 41045-41861. Technically market is under short covering as market has witnessed drop in open interest by -5.76% to settled at 12636, now Silver is getting support at 41288 and below same could see a test of 41045 level, And resistance is now likely to be seen at 41696, a move above could see prices testing 41861. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40948 levels. Traders can go short once Silver Future closes below 40948 levels.

	R2	R1	S1		S2	TREND
SILVER	42000	41850	41650		41500	BULLISH