MCX
Gold October last week opened at 31,842 and at start showed good
move on upper side but find good resistance at 32,095 levels. Later
prices fell sharply towards 31,455 levels and finally closed lower
from previous weeks closings. GOLD TREND TIPS. Experts
believes that this week gold prices are going to find support at the
range of 31,375 and 31,250 levels and trading consistently below
31,240 levels would hit sharp correction towards 31,186 initially and
then 30,9894 and finally towards major support at 30,720 levels.
Resistance is seen in the range of 31,685 and 31,705 levels and
trading consistently above 31,710 levels would lead towards strong
resistance at 31,910 and 31,930 levels and finally towards major
resistance at 32,325 levels.
Expert
Recommendation – Sell MCX Gold October between 31,680 and
31,700 with stop loss of 31,940 and target of 31,280.
MCX Gold Support Resistance for this week
S1-31,275,
S2-30,984, R1-31,685, R2-31,930
MCX
Silver December last week opened at 64,120 initially moved up but
found good resistance at 64,840 levels and after sharp fall is seen
in prices towards 63,111 levels and finally closed lower from
previous weeks closing. SILVER TREND TIPS Experts believes
that this week Silver prices are expected to find support in range of
62,250 and 62,600 levels and after that strong support is seen in
range of 62,015 and 61,950 levels. It is expected that Silver prices
are going to find major support at 59,700 levels. Resistance is
observed in the range of 63,750 and 63,850 levels and if trading
consistently above 63,900 would lead to strong resistance at 64,400
levels and finally major resistance at 65,500 levels.
Experts
Recommendation – Sell MCX Silver December between 64,140 and
64,200 levels with stop loss of 64,801 and target of 62,650 and
62,000.
MCX Silver Support Resistance for this week
S1-62,650,
S2-62,000, R1-63,750, R2-64,400
