BULLION OUTLOOK FOR 11-12 APRIL 2017

BUY GOLD @ 28850 SL 29000 TGT 28750-28650.

 BUY SILVER @ 41500 SL 41900 TGT 41000-40800.

Gold: Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28955 levels. Traders can initiate short positions on every rise until Gold Future closes above 28955 levels. Gold trading range for the day is 28541-28899. Technically market is under short covering and prices are getting support at 28640 and below same could see a test of 28541 level, And resistance is now likely to be seen at 28819, a move above could see prices testing 28899.

	R2	R1	S1		S2	TREND
GOLD	29200	29000	28800		28700	BEARISH

Silver: Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 41765 levels. Silver trading range for the day is 40818-41742.Technically market is getting support at 41092 and below same could see a test of 40818 level, And resistance is now likely to be seen at 41554, a move above could see prices testing 41742.

	R2	R1	S1		S2	TREND
SILVER	41800	41600	41320		41000	BEARISH