Last week MCX Gold August has made good move to higher levles but found good resistance at 295 but later prices fell sharply breaking both supports towards 29106. Next week it is expected thatgold prices to find good support at 29,430-29,400 levels and further below support can be seen at 29,150-29,100 levels.
Experts advice to Buy MCX Gold August between 29,430 - 29400 with stop loss of 29100 with a target between 29900 and 30150.
Gold Resistance Support Levels For Next Week
S1 - 29,430, S2 - 29,010, R1 - 29,920, R2 - 30,200
MCX Silver Tips -
MCX Silver July last week opened at 54,407 levels and moved sharply higher with breaking both resistace levels and founding resistance at 56337. Experts believe that next week Silver prices are goind to find strong support in the range between 53,900 and 53,700 levels. Strong resistance will be in the range of 54,700 and 54,900 levels.
Experts advice to Buy MCX Silver July between 53900 and 53859 with stop loss of 53490 and target between 54700 and 55600.
Silver Resistance Support Levels For Next Week
S1 - 53,900, S2 - 53,150, R1 - 54,700, R2 - 55,870