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MCX Gold Tips
MCX Gold suggest that prices are trading near a crucial resistance of 28550. Stochastic is in a buy mode. We expect prices to correct up to levels of 28700 if prices trades above 28550. Gold prices are holding to the middle Bollinger band on closing basis. One could buy if sustains above 28550 with a stoploss below 28450. Oscillators are heading up, also MACD has entered above the zero line
Trading Call: Buy MCX Gold above 28550 with a stoploss of below 28450 for target of 28700.
MCX Silver Tips
MCX Silver suggest that prices have reversed after taking support at 55500 levels. Stochastic is in a buy mode. We expect prices to go up to levels of 56500. Silver prices are expected to trade within a broad range from 56600 to 55300, one can buy on dips around 56000 with a stoploss below 55700. Oscillators are heading up.
Trading Call: Buy MCX Silver above 56000 with a stoploss of below 55700 for targets of 56500.
