Mcx gold levels
Mcx gold future crashed yesterday following comex gold , and it tanked almost 300 points in single day and closed at 26213 , now trading at 26150 almost 60 rs down from its last night closing but comex gold is up from its last night closing so why mcx gold is down ? USD/INR is your villan as its down 22 paisa from its last close , So if gold future click our support of 25970 and sustain below our technical support then expect gold to correct upto 25800 – 25630 today
If gold click our resistance of 26270 and sustain above our technical hurdle then expect gold to fire upto 26400 – 26550
So should we buy mcx gold or sell mcx gold today ?
Mcx gold levels conclusion : Gold looking for short covering for now so avoid major sell even if usd/inr is down
Mcx silver levels
Mcx silver future trading 35260 almost 1000 rs up from its yesterday low and 1000 rs down from its yesterday high , now if silver click our resistance of 35700 and sustain above our technical hurdle then expect silver to fire upto 36000 – 36300 today
if mcx silver click our support of 34980 and sustain below our support then expect silver to correct upto 34600 – 34200
So should we buy silver today or sell mcx silver ?
Mcx silver levels conclusion : Silver trend is looking positive for now so avoid major selling
More will update to our subscribers