Friday, 5 February 2016

Mcx Commodity Trading Tips for Gold and Silver

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.

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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