GOLD (April):It was mentioned in the last week that 27300 is a strong support and extra faintness is there below that level. However it made a low of 27280 and a severe recover resulted in it making a high of 28194 and lastly closed near to weekly high. The overall short-term trend is bullish and considers support at 27840-27610 and resistance at 28300 in coming days. Buy on decline strategy.
For today the Gold Trend is bullish as long as hold 28011 and decline to buy side.
SILVER (March)
The overall MCX Silver trend is bullish. Consider support 56350-57000 and higher-level resistance at 58210-59560-60250. Close above another round of up move expected.
For today buy on decline and consider support at 56120-56354 and resistance at 55500-59000 to watch out.
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