MCX Gold June as seen in the weekly chart above has initially moved sharply higher but found very strong Resistance at 28880 levels. Later prices fell sharply towards 28501 levels and finally closed marginally lower from the previous weeks closing levels. MCX Silver May as seen in the weekly chart above has initially moved higher, and as expected found very good resistance at 57949 levels. Later prices fell sharply towards 56401 levels, and finally closed lower from the previous weeks closing levels. The gold is trading in a neutral trend and is advised to sell for today session while mcx silver is trading is also trading in downtrend and is advised to sell for today's session.
MCX Gold Silver support and resistance for today:
MCX Gold
S1- 28406 S2-28180R1-28315 R2-28540
MCX Silver
S1-56200 S2-55500
R1-57700 R2-58600
