MCX
Gold (October) – MCX Gold October opened at 29,918 last
week and then seen lower and as experts were believing it finds good
support above expected level 29,756 and later rallied towards 30,078
levels and finally closed higher. Experts believes that next week
gold prices may find support between 29,960 and 29930 levels and
below it good support is expected at 29,830 and 29,800 levels.
Resistance is expected in range of 30,150 and 30,180 levels.
MCX
Gold Levels for this week – Trend (Up)
S1
– 29,955, S2 – 29,830, R1 – 30,154, R2 – 30,300
Buy
MCX Gold October between 29,960 and 29,930 with stop loss of 29,845
and target of 30,150/30,270.
MCX
Silver (September) – MCX Silver previously opened at
53,625 levels and moved lower and found support at 53,027 and finally
closed higher from the previous week. Experts believes that this week
Silver prices may find support in range of 53,100 and 53050 levels
and trading consistently below 53,050 levels would lead to strong
support at 52,650 and 52,550 levels. Resistance is expected in range
of 53,810 and 53,860 levels.
MCX
Silver Levels for this week – Trend (Sideways)
S1
0 53,100, S2 – 52,700, R1 – 53,860, R2 – 54,240
Buy
MCX Silver September between 53,420 and 53,360 with stop loss of
52,860 and target of 54,120/55,050.
