MCX Gold Live Tips
International gold prices remained under pressure this month, with the yellow metal losing 5% in US dollar terms on a mom basis. Volatility is simply the name of the game, with gold prices trading in the US$150 wild range during May. In MCX Price likely to continue the present buying sentiments which may firstly find the objective of 29130/190 then 29300. In this potential move, unexpected fall below 28950 could draw selling pressure towards 28870/760 or even more towards 28600.
MCX Silver Live Tips
Spot silver prices declined by 0.6 percent today but weakness in the dollar index cushioned sharp fall in silver prices. The white metal touched an intra-day low of $28.18/oz and was trading around $28.23/oz today. In MCX, Prices facing stiff resistance around 54800-55000 region, a push past through the same region could validate buying pressure towards 55350/55800 or even higher towards 56200. Conversely, intraday weakness seen only below 54200 for a scale objective of 53900. Major weakness seen only below 53800 region .
