COMEX Gold is in a technically strong on charts. Last week COMEX Gold was neither able to sustain at higher level nor at lower level. In the coming week 1500$ will act as a major support in COMEX Gold and 1740$ will act as a major resistance.
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1710 $ an ounce, then above 1728 $ it can test the level of 1745$/1765$/1785$ $ an ounce. And in MCX Gold above 28420 it can test the
level of 28550/28690. Trade by keeping the strict stop losses.
-Major support for COMEX Gold in the coming week is 1550 $ and 1460$.
-Major resistance for COMEX Gold in the coming week is 1710$ and 1790$ .
-Major support in MCX Gold is 26500 and 25000 .
-Major resistance in MCX Gold is 28700 and 29500 .
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COMEX Silver is technically in upward phase. Last week COMEX Silver was neither sustained at higher level nor at lower level. For the upcoming week 2600 $ and 2400$ are the crucial supports and 3500$ and 3700$ are crucial resistance in COMEX Silver. In MCX Silver 58000 and 60500 will act as major resistance and 54000 and 51500 will act as major supports.
Technically COMEX Silver is consolidating on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3350$ an ounce, then below 3290$ COMEX Silver can test the level of 3245/3195/3135$ an ounce. And in MCX Silver sustains below 56800 then it can test the level of 56000/55300/54500, Trade by keeping the proper stop losses.
