MCX Gold Silver Trading Range and Intraday Updates

MCX Silver July
Silver is still moving in the same range bound region of 54700-51500. A directional move can be suggested only if a breakout in either side occurs.

For Intraday I would suggest to take long position around 54300-54450 for the targets of 54800-55200-55400 keeping a stoploss of 53800. Conversely, inability to clear above 54700 prices may trade with mild negative bias.

MCX Gold June

In Broad perspective Gold prices seems to test 22600-800 levels whereas intraday levels might be limited to 22380-500 regions. If prices do not sustain above 22300, Gold might fall down to 22150-22080 levels. A consistent trade above 22400 could take it to the broad target mentioned earlier.


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