WEEKLY BULLION OUTLOOK FOR 29 MAY-02 JUNE

yesterday’s CALL UPDATE:

GOLD HIT all TGT 28640 MADE low OF 28630!!!

BUY GOLD 28800 SL 28600 TGT 28950-29100

BUY SILVER 39900 SL 39500 TGT 40100-40250

Gold: Gold trading range for the day is 28550-28820. Technically market is getting support at 28605 and below same could see a test of 28550 level, And resistance is now likely to be seen at 28740, a move above could see prices testing 28820. Gold  is trading into positive zone and traders can hold long positions until Gold closes below 28597 levels. Traders can initiate long positions on every dip until Gold  closes below 28544 levels.

	R2	R1	S1		S2	TREND
GOLD	28950	28850	28700		28500	Bullish

Silver: Silver trading range for the day is 39614-40084. Technically  Silver is getting support at 39708 and below same could see a test of 39614 level, And resistance is now likely to be seen at 39943, a move above could see prices testing 40084. Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39348  levels.

	R2	R1	S1		S2	TREND
SILVER	40200	40000	38800		38500	Bullish