MCX Gold Silver Intraday Trend

MCX Gold is trading with a slight edge at the market and gold traded in a down trend at the market in the early hours. The mcx Gold intraday trend suggest that prices have reversed after taking support at 31000 levels. The gold mcx is trading in a in a buy mode. We expect that gold prices will touch a mcx gold target of 31480 levels. The gold is currently trading up by 0.16% with a change of 50 Rs. The Gold is expected to gain more in the evening session.

MCX Silver trend at the market suggest that prices have reversed after taking support at 61600 levels. The silver is recommended to buy for intraday session. We expect that silver prices will touch the target price of 63200 levels. The Crude Oil trading range is in between 4650 to 4780 levels. We expect prices to go up to levels of 4780 which is the upper band of the range.

MCX Gold Levels for Today:

MCX gold (Feb) contract is advised to buy around 31270 levels with a stop loss placed below 31150 levels for targets of 31480.

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MCX GOLD SILVER TARGET FOR TODAY

MCX GOLD December contract is showing positive trend for today. Experts believes that it may find support near 31650 and 31550 and resistance can be observed near 31750 and 31850. It is advised to Intraday traders to buy on dips.

Buy around 31650 with stop loss of 31550 for the target of 31750 and 31850.

MCX SILVER December contract is also looking positive for the day. Experts believes that markets may find support near 61200 and 60700. Intraday resistance can be observed near 61700 and 62200. Intraday traders are advised to buy on dips.

Buy MCX Silver December contract around 61200 with stop loss of 60700 for the target of 61700 and 62200.

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