MCX
Gold December last week opened at 31,502 initially moved higher
marginally but found good resistance at 31,616 levels and after that
gold prices fell sharply towards 31,041 levels and finally closed
lower from previous weeks closing levels. INTRADAY TIPS. Experts believes that this
week MCX Gold December prices are going to find support levels in
the range of 30,930 and 30,900 levels and after below strong support
is seen in range of 30,690 and 30,600 levels. Resistance is to be
found in range of 31,270 and 31,300 levels and trading consistently
above 31,310 levels would lead to strong resistance at 31,490 and
finally towards major resistance at 31,840 levels.
MCX Gold Levels for this week
S1-30,930,
R1-31,280, S2-30,680, R2-31,490
MCX Gold recommendation -
Sell
MCX Gold December between 31,270 and 31,300 levels with stop loss of
31,501 and target of 30,950/30,700 levels.
MCX
Silver December last week opened at 62,642 levels and initially
shown good growth but found resistance at 64,999 levels and later
prices fell sharply breaking support levels towards 61,651 levels and
closed lower from previous closing weeks levels. Experts believes
that next week Silver prices are going to find support in the range
of 60,650 and 60,600 levels and trading continuously below 60,600
levels would lead to strong support in the range of 59,500 and 59,450
levels and finally towards major support at 58,400 levels. Resistance
levels can be seen in range of 62,800 and 62,900 levels and strong
resistance is seen at 63,300 and 63,350 levels.
MCX Silver Levels for this week
S1-60,650,
R1-62,800, S2-59,470, R2-63,950
MCX Silver recommendation -
Sell
MCX Silver December between 62,800 and 62,900 levels with stop loss
of 63,401 and target of 60,700 levels.
