BULLION OUTLOOK FOR 05-06 APRIL 2017

BUY GOLD @ 28890 SL 29000 TGT 29120-29280.

 BUY SILVER @ 42400 SL 42100 TGT 42720-42880.

Gold: Gold is trading into positive zone and traders can hold long positions until Gold  closes below 28691 levels. Traders can initiate long positions on every dip until Gold closes below 28691 levels. Gold trading range for the day is 28842-29232. Technically now Gold is getting support at 28929 and below same could see a test of 28842 level, And resistance is now likely to be seen at 29124, a move above could see prices testing 29232. 

	R2	R1	S1		S2	TREND
GOLD	29050	28950	28800		28720	BULLISH

Silver: Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 42175 levels. Traders can go short once Silver Future closes below 42175 levels. Silver trading range for the day is 42191-43009. Technically market is under fresh buying as market has witnessed gain in open interest by 0.16% to settled at 11735 while prices up 249 rupees, now Silver is getting support at 42380 and below same could see a test of 42191 level, And resistance is now likely to be seen at 42789, a move above could see prices testing 43009

	R2	R1	S1		S2	TREND
SILVER	42550	42470	42300		42000	BULLISH