MCX Gold Silver Reoprts- Bullion Updates

The Downward trend seen today in Gold may be continue till 22000 and a major sell off could be seen below this level. Above 22360-80 Gold might catch upside momentum and can go upto 22600 levels. For Intraday its is advised to Buy Gold July Contract only above 22360 Target-22400-450-500 SL-22230
else below 22230 go for sell targets-22000-21900-850

Silver MCX July is still trading in consolidated mode between the range of 58500-56600 from last five days. The near term seems to be range-bound Intraday trend is bearish. Below 56700 Silver might fall down to 56000-55200 while above 57900 Silver may catch the rally to test 59000 level.


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