BULLION OUTLOOK FOR 22-23 MARCH 2017

UPDATE: call given on 20 march 2017

GOLD HIT all TGT 28750 MADE HIGH OF 28913 !!!

silver HIT  TGT 41100 MADE HIGH OF 41348!!!

Gold: Gold trading range for the day is 28422-28640.Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28377 levels. Traders can initiate long positions on every dip until Gold Future closes below 28377 levels. Technically market is under long liquidation as market has witnessed drop in open interest by -1.62% to settled at 4618 while prices down -4 rupees, now Gold is getting support at 28463 and below same could see a test of 28422 level, And resistance is now likely to be seen at 28572, a move above could see prices testing 28640.

	R2	R1	S1		S2	TREND
GOLD	28950	28850	28700		28600	BULLISH

Silver: Silver trading range for the day is 40662-41166Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40497 levels. Traders can go short once Silver Future closes below 40497 levels. Technically market is under fresh selling as market has witnessed gain in open interest by 2.15% to settled at 13949 while prices down -40 rupees, now Silver is getting support at 40766 and below same could see a test of 40662 level, And resistance is now likely to be seen at 41018, a move above could see prices testing 41166.

	R2	R1	S1		S2	TREND
SILVER	41500	41300	41050		40900	BULLISH