MCX Gold And MCX Silver Trading Levels

Broad weak bias prevails in MCX Silver while prices stay below 52500. Intraday  moves likely to test the immediate downside obstacle of 49000 but once it cleared likely to continue the selling momentum towards 47000/45000 or even more. However, a turn higher from 49000 if materialize could stretch the momentum and could signal pullback
rallies till 52000 later

In Gold Commodity, The current long liquidation spree to be continued only by a voluminous break below the region of 26530 which leads price pointing towards 26340/25990. If not, by holding the 26530 region for a bounce back towards 26750/830 or even higher.

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Bullion Updates: MCX Gold Silver Tips for Today

MCX Commodity Tips for Today-
 

Buy Gold (Oct) Above 27840 TG-27890-27940 SL- 27770

else Below 27750 sell Gold To Target 27700-670


Sell Silver Below 64150 for the targets of 63900-63700 SL-64400

else above 64500 go for Buy Target 64750-64900 SL-below 64200

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MCX Gold Tips- Bullion Updates

MCX Gold is likely to show some corrective moves from here after making handsome gains from last few sessions. A dip lower is expected before the next higher swing and MCX gold can now looking for the lower levels like 22400-22300 after which further new buying are going to be initiated for next higher move. But a close below 22200 will be enough to negate the above view and it can face some serious sell offs after that.

On upper side 22670 will act as crucial level. Above the same Gold may fly to some more upside levels like 22700-850.

Intraday traders are advised to Sell Gold (August) below 22480 for the targets of 22450-400-380 stoploss above 22550.

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Gold Silver Trading Tips- Bullion Reports

Silver July contract has Just Breached the nearest support line of 53700 now more downtrend is expected and silver can fall down to 52500-5200 levels if unable to sustain above 53700 levels. However A consistent trade above 53900 can lift Silver up towards 54500-54800 levels. Traders are advised to sell sivler below 53500 fro the targets of 53100-52700-52500 keeping a stoploss above 53900. 

In MCX Gold August Futures likely to trade with negative bias for the day. The technical indicators are showing a slight downtrend in Gold futures for the day.

for intraday Trading one may go for sell in Gold Futures only below 22420 for the targets of 22380-350-300 Stoploss above 22500. 

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Gold Weekly Report (16th May -20th May) - Comex & MCX Gold Updates

Market Overview
COMEX Gold is in an upward phase. Last week COMEX Gold neither sustain on higher level nor at lower level. In the coming week 1445$ will act as a major support in COMEX Gold, if COMEX Gold sustains above 1520 $ an ounce then above 1528 $ an ounce it can touch the level of 1542$ an ounce and if COMEX Gold sustains below 1460$ then it can slightly correct and test the level of 1440$ an ounce.

Strategy
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1520 $ an ounce, then above 1528$ it can test the level of 1542 $ an ounce and above 1550$ it can further move upward. Trade by keeping the strict stop losses.
 

Major support for COMEX Gold in the coming week is 1450$ and 1410$.
Major resistance for COMEX Gold in the coming week is 1580$ and 1625$
Major support in MCX Gold is 21600 and 21200
Major resistance in MCX Gold is 22450 and 23050

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Gold Silver Intraday Updates- Evening Trading Tips

Sell Silver below 57700 Target-57500-57300-100 Stop loss- 58400


Gold (June Futures): Sell - 22020,  Target-21850-800 Stop loss- 22160 

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Gold Silver Weekly Report - Bullions Next week (2-6 May)

Gold Market Overview
COMEX Gold is in an upward phase. Last week COMEX Gold sustains on higher level and closed near to its week high. In the coming week 1500$ will act as a major support in COMEX Gold, if COMEX Gold sustains above 1525 $ an ounce then above 1575 $ an ounce it can touch the level of 1530$ an ounce and if COMEX Gold sustains below 1490$ then it can slightly correct and test the level of 1460$ an ounce.

Strategy

For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1520$ an ounce, then above 1575$ it can test the level of 1590$ an ounce and above 1590$ it can further move upward. Trade by keeping the strict stop losses.

Major support for COMEX Gold in the coming week is 1500$ and 1450$.
Major resistance for COMEX Gold in the coming week is 1605$ and 1645$

Major support in MCX Gold is 22200 and 21900
Major resistance in MCX Gold is 23050 and 23300


Silver Market Overview
COMEX Silver is technically strong on charts. Last week COMEX Silver neither closed on higher levels nor at lower levels. For the upcoming week 4380$ and 4220$ are the crucial supports and 5000$ and 5150 $ are crucial resistance in COMEX Silver.

In MCX Silver 73000 and 75500 will act as major resistance and 64000 and 63000 will act as major supports.

Strategy
Technically COMEX Silver is strong on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 4500$ an ounce, then above 4930$ an ounce it can further go upward and can test the level of 4990$ an ounce. Trade by keeping the proper stop losses.

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MCX Updates: Gold and Crude Down

Gold yesterday ended down in tandem with falling Crude oil prices, as safe-haven bids faded. Crude oil prices ended at 4898 rupees per BBL after touched weekly high level at 5021 rupees.

The war premium in the metals seems to have diminished as news that a possible ceasefire in Libya and the willingness to negotiate a settlement is putting pressure on the commodity market.

On Tuesday, Gold June delivery contact drop by 0.23 percent to 21270 rupees per kilogram. Amid falling metals and silver prices, Gold future remained under pressure in intraday trades.

Instant Support for Gold future seen to be at 21270 and below it may test 21250 rupees. Resistance is now likely to be seen at 21420, a move above could see prices testing 21470.

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