Tuesday, 15 March 2016

Live Mcx News on Gold and Silver by MarketMagnify

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MCX Gold Oct. It depicts that prices are taking resistance at horizontal trendline located at 30160 levels. After gaining more than 13 percent in last 2 months prices are trading in sideways zone. On the downside, immediate support is located at 29065-28425 and further at 28030 levels. However, cross of crucial resistance 30160 will take it towards 30670 levels.

MCX Silver just like international Silver, MCX prices are also forming cup and handle pattern. In this week, it is expected touch immediate resistance of 38180 and further 38850 levels. On the flip side, immediate support is located at 36650 and 37150 levels. Hence, bias is expected to trade on bullish mode.

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