MCX
Gold (October) last week opened at 31921 and traded in range of
32421 and 31667 and closed at 31880. Experts believes that next week
gold prices are going to find support in the range of 31400 and 31500
levels and below that strong support is expected to be in between
31100 31200 levels. MCX GOLD TIPS. If Gold prices traded
consistently below 31110 levels would lead towards sharp correction
initially towards 30,800 then 30,650 levels and finally towards major
support at 30350. Resistance can be observed in range of 32100-32150
levels. Trading consistently above 32150 would lead to strong
resistance at 32250 and 32300 and finally to major resistance at
32450.
MCX Gold (Oct) Support Resistance for this Week
Trend (UP)
S1-31400,S2-31100,
R1- 32150, R2-32450
Experts
Advice – Buy MCX Gold October between 31400 and 31450 with stop
loss of 31200 and target of 31750/31800
MCX
Silver (Dec) last week opened at 64008 levels with slow start and
found support at 61912 levels. Later prices rallied positively and
met resistance at 65723 levels and finally closed higher to open at
64284. MCX SILVER TIPS. Experts believes that this week Silver
prices are going to find support in range of 62200 and 62300 levels
and then strong support is seen in range of 61400-61500 levels a
trading continuously below 61400 levels finally leads towards major
support at 59,500 levels. Resistance is observed in the range of
64900 levels and strong resistance is seen in range of 65800 and
65900 levels.
MCX Silver (Dec) Support Resistance for this Week
Trend (UP)
S1-62200,
S2-61400, R1- 64900, R2- 65900
Expert
Advice – Buy MCX Silver Dec between 63350-63450 with stop loss
of 62700 with target of 64500 and 64800.