Mcx gold levels
Mcx gold future trading at 25733 , 300 rs up from its last night closing , Major rise in mcx gold is due to USD/INR which is trading on 2 year high at 65.06 ( Future ) , so all play would be USD/INR related due to its wild move , A good resistance in gold at 25860 once market cross and sustain above this level then expect 25980 – 26100 today
If gold mcx click our support at 25580 and sustain below our technical support then expect market to correct upto 25450 – 25300 today
Mcx gold levels conclusion : Major factor in gold is usd/inr which is positive so avoid major short
Mcx silver levels
Mcx silver trading at 35450 almost 150 rs higher than its last closing , comex silver is flat but its trading higher due to usd/inr fluctuation , if market cross 35600 and sustain above our resistance then expect 35880 – 36200 today
if mcx silver click our support at 35150 and sustain below our technical support then expect silver to drag upto 34900 – 34600 today
Mcx silver levels conclusion : Silver trend is flat to negative but usd/inr would be major play today
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