MCX Gold Tips For Today
During the week we expect gold prices to trade lower on the back of rise in risk aversion in the global markets. Additionally, a stronger DX will also exert downside pressure in the prices. On the daily chart of Gold prices have reversed after taking support at 29450 levels. Stochastic is in a buy mode and prices are trading close to the short term averages. We recommend a buy around 29600 levels with a stop loss placed below 29400 levels for a target of 30250.
MCX Silver Tips For Today
For Today in mcx silver tips We expect Silver prices to trade on a bearish note taking cues from negative global market sentiments, fall in gold prices along with downside in base metals. Additionally, a stronger DX will also act as a negative factor for the prices. The price chart suggest that prices are trading near a crucial support of 53000. RSI is in a buy mode and prices are trading below short term averages. We recommend a buy around 53250 levels with a stop loss placed below 52500 levels for a target of 55000 levels.
