GOLD
COMEX Gold is in a technically consolidating on charts for short term. Last week COMEX Gold was neither able to sustain at higher level nor at lower level. In the coming week 1500$ will act as a major support in COMEX Gold and 1740$ will act as a major resistance. For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1650 $ an ounce, then Technically COMEX Silver is consolidating on charts.
For the next week traders can use sell on higher level strategy if above 1665 $ it can test the level of 1680$/1695$/1715$ $ an ounce. And in MCX Gold above 27800 it can test the Silver sustains below the level of 3010$ an ounce, then below 2930$ COMEX Silver can test the level of level of 28000/28150. Trade by keeping the strict stop losses. 2875/2820/2760$ an ounce. And in MCX Silver sustains below 52000 then it can test the level of 51300/50800/50300, Trade by keeping the proper stop losses. Major support for COMEX Gold in the coming week is 1505$ and 1460$. Major resistance for COMEX Gold in the coming week is 1710$ and 1790$ Major support in MCX Gold is 25500 and 24000 Major resistance in MCX Gold is 28700 and 29500 .
For the next week traders can use sell on higher level strategy if above 1665 $ it can test the level of 1680$/1695$/1715$ $ an ounce. And in MCX Gold above 27800 it can test the Silver sustains below the level of 3010$ an ounce, then below 2930$ COMEX Silver can test the level of level of 28000/28150. Trade by keeping the strict stop losses. 2875/2820/2760$ an ounce. And in MCX Silver sustains below 52000 then it can test the level of 51300/50800/50300, Trade by keeping the proper stop losses. Major support for COMEX Gold in the coming week is 1505$ and 1460$. Major resistance for COMEX Gold in the coming week is 1710$ and 1790$ Major support in MCX Gold is 25500 and 24000 Major resistance in MCX Gold is 28700 and 29500 .
SILVER
COMEX Silver is technically in upward phase. Last week COMEX Silver was neither sustained at higher level nor at lower level. For the upcoming week 2600 $ and 2400$ are the crucial supports and 3200$ and 3400$ are crucial resistance in COMEX Silver. In MCX Silver 56000 and 58000 will act as major resistance and 48000 and 45000 will act as major supports.
Technically COMEX Silver is consolidating on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3010$ an ounce, then below 2930$ COMEX Silver can test the level of 2875/2820/2760$ an ounce. And in MCX Silver sustains below 52000 then it can test the level of 51300/50800/50300, Trade by keeping the proper stop losses.
For Accurate Silver & Gold Tips CLICK HERE
Technically COMEX Silver is consolidating on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3010$ an ounce, then below 2930$ COMEX Silver can test the level of 2875/2820/2760$ an ounce. And in MCX Silver sustains below 52000 then it can test the level of 51300/50800/50300, Trade by keeping the proper stop losses.
For Accurate Silver & Gold Tips CLICK HERE
