Friday, 5 February 2016

Mcx Commodity Trading Tips for Gold and Silver

Gold:
Gold will witness more momentum if prices sustain above 27400 levels. Prices can rally towards 27625/27850 levels in that case. Support for the counter is seen around 26950. A daily close below this level will trigger a correction towards 26750 levels. Until then dips will find support between 27100—27000 zones.

Silver:
Traders can look to buy into silver once prices correct towards 35450—35300 zones. Momentum above 35800 will see prices rally towards 36000/36200 zones. The view on the counter will stay positive until prices hold on above 34850 levels on a daily closing basis.

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