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In Indian commodity market Since few days almost all commodities gold,silver,copper,crude are trading in red and giving down closing .yesterday crude was in green zone and gave some money to investors .Today MCX gold trend says high risk traders can buy gold decline with stoploss 26900.
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MCX GOLD TREND
Bearish
RESISTANCE 2 26900
RESISTANCE 1 26450
SUPPORT 1 25600
SUPPORT 2 25150
STRATEGY Sell on higher Levels
MCX SILVER TREND
TREND Bearish
RESISTANCE 2 55800
RESISTANCE 1 53200
SUPPORT 1 48900
SUPPORT 2 46500
STRATEGY Sell on higher Levels
In MCX gold yesterday we have seen some green side but it was unable to sustain due to week globule cruse and slept again. This precious metal (Gold MCX October contract)is having down trend in morning session .
MCX gold TREND oct contract
Support 25090 -25380
Resistance 25895- 26180
Base metals settle higher on depreciated dollar index
MCX Silver today :- Yesterday silver has also get slipped from green zone to red after .MCX Silver dec. contact for morning session will be in down trend .
silver dec. contact
Support 47410 -48910
Resistance 51650 -53150
Silver spot
Support 27.25 - 28.55
Resistance 30.70 - 32
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