MCX gold (Aug) is moving in a uptrend in the opened at 29690 initially moved sharply lower, but found good support at 29444 levels. MCX gold prices recovered sharply towards 29836 levels and finally closed lower from the previous weeks closing levels. The gold is buying will be a good strategy for this trading session after the prices reach to its resistance levels. The mcx gold overall trend is neutral. MCX Silver is expected to trade in the down side in the upcoming trading session and for intraday silver is advised to sell for today. MCX Gold Silver Commentary for 09 July:
MCX gold and mcx silver both the metals are trading in a uptrend but the overall trend for gold is consolidate whereas the silver is recommended to sell after breaching the resistance levels.
