GOLD mcx APR(m)
Technical Levels | |
R3 | 21500/21900 |
R2 | 21275/21350 |
R1 | 21190 |
Pivot | 21080 |
S1 | 21010/20980 |
S2 | 20810/770 |
S3 | 20600/20400 |
Technical Commentary:
Broad positive bias and possibility of an up tick towards 21200/270 or even more is expected as long as 21010-980 regions hold the downside. Consistent trades below 20980, with huge volume would signal bearishness and take prices lower towards 20850/770.
Trends:
Intraday--> Consolidate
Near Term--> Up
SILVER mcx APR(m)
Technical Levels | |
R3 | 60000 |
R2 | 57000 |
R1 | 55000/55300 |
Pivot | 53800 |
S1 | 53200/53000 |
S2 | 52800/52400 |
S3 | 51800/51000 |
Technical Commentary:
On a broad bias 55000/57000 levels looks to be possible, but for intraday we favour initial dips towards 53600-300 followed by a consolidation and drift higher later. Direct falls below 53100-53000 regions may cause doubts on our broad bullish expectations.
Trends:
Intraday--> Up
Near Term--> Up
