MCX Gold Tips
MCX Gold june is looking good for this week's trading. Weekly charts suggest that it can touch the 30000 levels very soon. In its last trading session it had got a gain of 0.20% and closed just below the strong resistance level of 29000. In last week MCX Gold June as seen in the weekly chart above has opened at 28,362 levels and then sharply corrected up-to 27,855 levels, but was not able to breach the support level of 27,600 levels and prices rallied sharply from support level to 28,999 levels. Now it is looking bullish for this week with the support levels of 28550/28200 and a resistance levels of 29150/29500.
MCX Silver Tips
MCX Silver is also recover a little from its past downfall. It covered a gain of 0.19%. MCX Silver July as seen in the weekly chart above has opened at 54,039 levels and then sharply corrected up-to 51,201 levels, but was not able to breach the support level of 51,000 and finally closed around 55,600 levels.
Now it has a criticle support of 53200/52000 and strong resistance of 56000/57200. Technically it is looking bullish for this week. We suggest to make a buy position in mcx silver at lower price.
