MCX Tips Trend Evening Gold Silver

MCX commodity market is trading in a red. MCX gold prices were seen hovering in a positive territory but now shown a fall in the prices and is expected to find support at 28200 region for a roll back towards 28400 / 28490 levels. But even in this prospective picture, surprise fall below 28150 region could bring down prices towards 28080 / 27920 or even lower towards 27800. While mcx silver (May) prices have started a new move on the upside and now the rally is expected to continue still 58300 initially followed by 58900 / 60000. however a direct dip below 56800 would be an early signal of renewed selling pressure.