WEEKLY OUTLOOK FOR BULLION

YESTERDAY’S CALL UPDATE:

GOLD HIT  TGT 29450 MADE HIGH OF 29580!!!

silver near TGT 39300 MADE HIGH OF 39200 

Gold: Gold trading range for the day is 29650-29300. Gold is getting support at 29400 and below same could see a test of 29300 level, And resistance is now likely to be seen at 29580, a move above could see prices testing 29650. Gold is trading into positive zone and traders can hold long positions until Gold closes below 29400 levels. Traders can initiate long  positions on every dips until Gold closes below  29400  levels.

	R2	R1	S1		S2	TREND
GOLD	29650	29580	29400		29300	BULLISH

Silver: Silver trading range for the day is 39500-38700. Technically Silver is getting
support at 39000 and below same could see a test of 38700 level, And resistance is now likely to be seen at 39200, a move above could see prices testing 39500. Silver is trading into positive zone and traders can go long at every dips or hold long  positions until Silver closes below 39000  levels.

	R2	R1	S1		S2	TREND
SILVER	39500	39300	39000		38800	BULLISH