Tuesday, 2 February 2016

Mcx Commodity Trading Tips for Gold and Silver

MCX Gold Oct daily chart. It suggests that prices are making higher highs and lows on daily chart. It is expected to rise further till trendline resistance of 27300 levels. On the downside, immediate support is located at 26450 and 26130 levels. However, momentum indicator is taking resistance at defined 70 levels. Hence, prices are likely to trade on positive note as long as prices are trading above 26450 levels.

MCX Silver daily chart. In the last week, prices tried to gain on the upside. However, it took resistance near previous high of 35360 levels and closed down at 34750 levels. In this week, it is expected to trade in sideways zone. On the downside, immediate support is located at 34500-33870 levels. On the upside, 35370 would be crucial resistance level.

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