WEEKLY BULLION TRADING LEVELS FOR 23-27 APR 2018

18 APR 2018 CALL UPDATE:

silver ACHIEVED TGT 40100 !!

Gold: Gold trading range for the day is 31700-31200. Gold is getting support at 31350 and below same could see a test of 31200 level, And resistance is now likely to be seen at 31550, a move above could see prices testing 31750. Gold futures traded flat Thursday, as Gold remained slightly softer Thursday after news that the current general activity index in the Philadelphia Fed’s manufacturing business outlook survey rose to 23.2 in April from 22.3. In addition, A momentum indicator RSI (14) and MACD has shown positive crossover on Daily chart. which intimate positive sentiment in the prices. Therefore, we expect bullish movement in the gold towards 31700.

	R2	R1	S1		S2	TREND
GOLD	31700	31550	31350		31200	SIDEWAYS

Silver:Silver trading range for the day is 40900-39900. Technically Silver is getting support at 40150 and below same could see a test of 39900 level, And resistance is now

likely to be seen at 40450, a move above could see prices testing 40700. Silver price closed flat on Thursday. On a daily Chart, price has given “symmetrical pattern” upside breakout; which indicate a further bullishness in price . In addition, A momentum indicator RSI (14) and MACD has shown positive crossover on Daily chart. Therefore, we expect bullish movement in silver towards 40900.

	R2	R1	S1		S2	TREND
SILVER	40700	40450	40150		38900	SIDEWAYS