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MCX Gold Tips
MCX Gold has traded in consolidate way in last trading session. It strat well in morning session but at the end of the day it change its way to red. Witnessing selling bias likely to continue only below 28850 region and successful moves may find support at 28770/28650 initially. Anyhow, if unable to break below 28850 region could lure fresh buying sentiments towards 29100/29180 followed by 29300.
MCX Silver Tips
MCX silver was down by more then 1% on wednesday and closed at 53821. Moving more towards to the selling, even today also looking consolidate. Early attempts to break the recent swing support of 53700 has failed and prices hovering just above the same. Looking ahead, present moves are likely to consolidate again inside 53700-54400 levels but any of the side breakout would call for fresh directional moves.
MCX Gold Tips
Gold finished its last trading session at 29086 up by 0.18%. As we have suggested that mcx gold will recover from its previous down trend. Technically the mcx gold is looking to recover more, for today it can go to 29130 region firstly for a swing lower towards at 28930/850 or even lower towards 28700. But weekly break above 28190 region could give an early indication of fresh buying towards 29300/390 or even higher towards 29470.
MCX silver Tips
Silver closed at 54460 up by 0.60%. Although it has crossed the 54000 level yesterday but technically it is looking consolidate for today. 53700-53900 regions seems as a stiff downside support, which if cleared will be a signal of renewed bearishness towards 53200/52500 or more later. At the same time unexpected rise above 54700 will be an early bullish signal but a rise above 55000, prices will enter into the bull camp again.
