COMEX Gold is in a technically consolidating on charts for short term. Last week COMEX Gold was trading on higher side and was able to made a close above 1600$ an ounce. 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 1620 $ an ounce, then Technically COMEX Silver is consolidating on charts. For the next week traders can use buy on lower level strategy if above 1640 $ it can test the level of 1660$/1680$/1705$ $ an ounce. And in MCX Gold above 28000 it can test the Silver sustains above the level of 2940$ an ounce, then above 2975$ COMEX Silver can test the level of level of 28150/28300. Trade by keeping the strict stop losses. 3025/3080/3140$ an ounce. And in MCX Silver sustains above 54000 then it can test the level of 54500/55200/56000, Trade by keeping the proper stop losses.
Major support for COMEX Gold in the coming week is 1505$ and 1460$.
Major resistance for COMEX Gold in the coming week is 1710$ and 1790$
Major support in MCX Gold is 25500 and 24000
