Prices gathered steam last week after closing in red in the previous week and managed to breach last week’s high to close at Rs 29265/10gms at MCX. Weekly charts indicate a pullback in prices may continue for some more time before it halts as overall trend is still favoring bearish trend as long as the counter is trading below Rs 30000/10gms mark. Rs 28600/10gms is a crucial level for bulls, breach of which may drag the counter towards Rs 28000/10gms mark. Traders are advised to initiate long positions at lower levels keeping a stoploss of Rs 28000/10gms. Upside break of $1270/oz at COMEX may attract more strength in the counter.