MCX Gold (August Futures) has been facing a range-bound trading between the range of 22550-22800 for last one week. Short term MA showing a rise in Gold and is the long term trend. A substantial up movement can be seen only after 22800 levels. Below 2450 it may fall down to 22300-22150.
For Intraday One can buy Gold (August) above 22800 for the targets-22900-22950 stop-loss below 22700.
In Silver july Contract, resistance is sen near 58200 level. A consistent trade above 58200 may help silver to see a up rally towareds 59500-60000 level.
for Intraday one can buy Silver July contract around 58000-58200 for the targets of 58500-58800-59000 Stop-loss 57650.
For Intraday One can buy Gold (August) above 22800 for the targets-22900-22950 stop-loss below 22700.
In Silver july Contract, resistance is sen near 58200 level. A consistent trade above 58200 may help silver to see a up rally towareds 59500-60000 level.
for Intraday one can buy Silver July contract around 58000-58200 for the targets of 58500-58800-59000 Stop-loss 57650.
