BULLION OUTLOOK FOR 18-19 APRIL 2017

yesterday’s GOLD HIT all TGT 29480!!!

Gold: Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29177 levels. Traders can initiate long positions on every dip until Gold Future closes below 29177 levels.We expect gold prices to trade sideways on the back of profit booking after up-move.

	R2	R1	S1		S2	TREND
GOLD	29550	29400	29300		28200	SIDEWAYS

Silver: Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 42022 levels. We expect silver prices to trade sideways on the back of profit booking after up-move. 

	R2	R1	S1		S2	TREND
SILVER	42500	42360	42250		42000	SIDEWAYS