In MCX Gold, A drift lower is favored towards 28850, but is unlikely to evolve into major weakness unless confirmed with successive days of close below 28750. A push higher above 29300 would dilute intraday
bearish sentiments but is required to close above 29500 to trigger rallies.
In Silver MCX , While above 55200 prices continues to be inside the bullish zone. For the day, we expect an initial dips followed by a consolidation and edge higher. However, prices have to clear above 56000 to invite strong rallies again. Dip lower below 54000 would be an early signal of reversal.