Commodity MCX Tips for Gold and Silver

On MCX, Gold prices have once again crossed the level of 26500. Now we can expect a significant rise by the end of the day. Gold prices can take resistance around 26750. Above the same we can see some more upside levels like 26850-27000 while below 26480 a slight decline is anticipated.
For day trading purpose we can buy MCX gold above 26700 for the targets of 26800-26950-27100.

Silver can be purchased at 52900 for the intraday target of 53200-53500.

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Commodity Tips: MCX Gold Silver Trading Strategy for Today

A good upside momentum may be seen in Gold if prices sustain above 28000 level and prices could touch 28300-500 level. Major downfall is seen only below 27750.
Traders can buy Gold October contract above 28100 for the target of 28200-350-450 SL below 27850.
On the other hand silver prices are trading in consolidated zone. Still Commodity Silver can be bought above 65450 to target 65700-65850 Stoploss below 65300.

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