MCX Gold- Technical Chart of Gold suggest that prices have breached the crucial support of 29400. RSI is in a sell mode. We expect prices to correct up to levels of 29120. So Sell around 29280 levels with a stop loss placed above 29400 levels for targets of 29120 level.
MCX Silver- Silver prices are trading near the crucial support of 52400 levels. Stochastic is building strength. We expect prices to go up to levels of 53100. Trading Call: Buy around 52400 levels with a stop loss placed below 52000 levels for targets of 53100 levels.
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