MCX Gold (Feb) contract prices have reversed after taking resistance at 29400 levels and support at 29000 levels and also breached these levels. Gold is in Sell mode. MCX Silver is going to take resistance on the 20 DMA and support is at 56000 levels. silver if close below 56000 we expect prices to go up to levels of 55000. We recommend a sell MCX Silver for today.
MCX Tips on Gold Silver for 12 December
Gold (Feb) sell around 29000 levels with a stop loss placed above 29400 levels for a target 28350.
Silver (Mar) sell below 56000 levels with a stop loss placed above 56800 levels for a target 55000.
