MCX Silver (July Contract)Updates-
In MCX Futures the trend is still weak and if Silver is unable to float above 53400, a drop towards 49600 could be seen initially which could be followed by 47000-45000 for the later sessions. A break above 53200 could lead silver to the reversal trend and could take it to the higher price.
MCX Gold (June Report-
A consistent move below 21800 would led Gold drip till 21700-650 levels. But above the same level a recovery mode could be seen if Gold perform constant move above the same level. A direct dip below 21650 could cause for a major sell off towards 21550-400 levels for the day.
In MCX Futures the trend is still weak and if Silver is unable to float above 53400, a drop towards 49600 could be seen initially which could be followed by 47000-45000 for the later sessions. A break above 53200 could lead silver to the reversal trend and could take it to the higher price.
MCX Gold (June Report-
A consistent move below 21800 would led Gold drip till 21700-650 levels. But above the same level a recovery mode could be seen if Gold perform constant move above the same level. A direct dip below 21650 could cause for a major sell off towards 21550-400 levels for the day.
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