Bullion Reports- MCX Gold Silver Updates for today evening

MCX Gold Is still facing the broad consolidation range between 22020-21800 levels. Today Gold June contract opened around 21880 level and for last few days it is moving around the same level. A breakout above 22020 can take Gold to test 22100-200 levels which could again fall down to 21800-700 if prices do not sustain at those levels.

For Intraday one can buy Gold above 22000 for the targets of 22050-22100-150 keeping a stop-loss below 21880.

MCX Silver July is also is in Intraday consolidation phase. Rally could be seen only above 54300 levels while a direct fall below 52600 could take Silver to test 52000-51400 levels.


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