Wednesday, 9 March 2016

Commodity Gold and Silver News by MarketMagnify

MCX Gold Oct daily chart. Domestic prices are still trading below its previous high of 30095 levels. It is expected to cross that level to gain further till 31500 levels. Momentum indicator RS is hovering near bullish territory, suggests strong upmove. On the flip side, it has immediate support is located at 29413 levels.

MCX Silver daily chart. just like international Silver, MCX prices are also forming cup and handle pattern. In this week, it is expected touch immediate resistance of 39000 and further 39500 levels. On the flip side, immediate support is located at 37150 levels. Hence, bias is expected to trade on bullish mode.

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