BULLION TRADING TIPS FOR 13 MARCH 2018

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GOLD AND SILVER TRADING IN RANGE

Gold: Gold trading range for the day is 30600-30100. Gold is getting support at 30250 and below same could see a test of 30100 level, And resistance is now likely to be seen at 30450, a move above could see prices testing 30600. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30450 levels. Traders can initiate short positions on every rise until Gold closes above  30450  levels. on the daily frame, price has given a rising wedge breakdown. On the other hand a negative divergence is visible in the weekly RSI. Moreover, daily RSI as well as MACD are in bearish crossover. Therefore, going forward we expect a correction in the Gold price

	R2	R1	S1		S2	TREND
GOLD	30600	30450	30250		30100	BEARISH

Silver: Silver trading range for the day is 39200-38300. Technically Silver is getting
support at 38650 and below same could see a test of 38350 level, And resistance is now likely to be seen at 38950, a move above could see prices testing 39100. silver is trading into negative zone and traders can hold short positions until silver closes above 38950 levels. Traders can initiate short positions on every rise until silver closes above  38950 levels.silver price has fallen below the 200 DEMA on the weekly chart. On the higher end price has reached at the upper bollinger band which may induce some resistance. Going with the above analysis we can expect a weakness in the Silver price.

	R2	R1	S1		S2	TREND
SILVER	39200	38950	38600		38300	BEARISH