MCX Commodity GOLD SILVER 12 March to 16 March

MCX Gold (April) found support at 27580 levels. For the next week we expect gold prices to find resistance at 28200-28240 levels and further above strong resistance is seen at 28430-28450 levels and support is now observed at 27830-27800 levels. MCX Silver (May) initially moved lower, but found very good support at 57370 levels. For the next week we expect Silver prices to find resistance at 60300-60350 levels and then strong resistance are seen at 60950-61050 levels. Support for mcx silver is now observed at 58840-58740 levels.


MCX GOLD SILVER TIPS FOR 12 March to 16 March Weekly:


MCX Gold (April) buy between 27840-27800, SL-27560, Target -28220/28430


MCX Silver (May) buy Between 58850-58750, SL-58000, Target -60250/60900