BULLION OUTLOOK FOR 14-15 MARCH 2017

SELL GOLD @ 28200 SL 28500 TGT 28000-27800.

 SELL SILVER @ 40400 SL 40600 TGT 40100-40000.

Gold: Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 28556 levels. Traders can initiate short positions on every rise until Gold Future closes above 28556 levels. We expect gold prices to trade sideways on the back of short covering after sharp drop in prices.

	R2	R1	S1		S2	TREND
GOLD	28500	28350	28200		28000	BEARISH

Silver: Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 41152 levels. Traders can go long once Silver Future closes above 41152 levels. We expect silver prices to trade sideways on the back of short covering after sharp drop in prices

	R2	R1	S1		S2	TREND
SILVER	40550	40400	40200		40000	BEARISH