14 MAY 2018 CALL UPDATE:

gold HIT TGT 31200 MADE HIGH OF 31002

silver HIT TGT 40100 MADE HIGH OF 39702

Gold: Gold trading range for the day is 31400-30800. Gold is getting support at 31000 and below same could see a test of 30800 level, And resistance is now likely to be seen at 31200, a move above could see prices testing 31400 . Prices possibly to rebound higher towards the upside trend line objective of 31400/31600. While in this positive note, Fall below the exponential moving average support of 30700 may cajole fresh selling.

	R2	R1	S1		S2	TREND
GOLD	31400	31200	31000		30800	SIDEWAYS

Silver: Silver trading range for the day is 40200-40000. Technically Silver is getting support at 39700 and below same could see a test of 39450 level, And resistance is now likely to be seen at 39950, a move above could see prices testing 40200. As long as moving average
support of 40000 holds downside prices possibly recover towards 40900 followed by Bollinger upper band hindrance of 40500. Nevertheless, fall past below 40000 may dent our buying expectation.

	R2	R1	S1		S2	TREND
SILVER	40200	40550	39700		39450	SIDEWAYS