GOLD COMMODITY TECHNICAL ANALYSIS @ SILVER INTRADAY CALLS

MCX GOLD TECHNICAL VIEW : It tested a high of Rs 28676 per 10 grams, a level not seen since April 2014. However, profit booking dragged the contract from there and Gold closed at Rs 28345 per 10 grams. Supports for the contract are at Rs 28031 per 10 grams. Gold has also breached the trendline resistance of Rs 28374 per 10 grams yesterday. A further rise in price is resisted at Rs 28650 and 28750 per 10 grams.  

Gold Silver Intraday Tips  
Gold Calls: MCX Gold is trading flat at Rs 28230, If you trade in gold then you should buy MCX Gold near to 28250 with in August future delvery targtes 28290, 28330 stop loss 28200.

Silver Calls: MCX Silver is trading bearish zone at Rs 41365, Only Day trader can buy it;s current levels like 41400 with in September future contract targets 41500, 41600 stop loss 41250.

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PRECIOUS COMMODITY::GOLD SILVER FELL TODAY STRONGLY

Decline in the international market strongly in the domestic market is being witnessed in gold and silver precious metals. Today commodity market Like Precious metals, Energy and Base metals are trading to worth side, all commodities script is playing towards the back side from its opening position. Currently MCX Gold fall more than one percent and trading price is 25,400 in the domestic market. MCX White metals slipped 18, 00 Rs due to last closing. At around 10.30 Am MCXZ Silver is trading down near to 5 percent at Rs 40890.

We can’t advices to you, because both precious metals stand very critical point. Now we expected you can buy both precious metals with in current levels. You can keep intraday Resistance levels 41459, and support 40751. And Gold Resistance levels are 25631 & Supporting Levels 25271.

@ Day trader can buy MCX Gold above at 25,400 Targets 25423, 25447 STOP LOSS 25353.

@ Buy MCX Silver when its touch the levels of 40900 Targets 41150 Stop Loss 40650.


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