Gold Silver Updates Today: US Job Data

Gold and Silver commodities have seen a downfall before U.S. non-farm payroll data which is to come today. Yesterday, the hiring in the private sector which has reached a record level of 1 year, can affect today's jobs data.

With 0.2 per cent on MCX gold is trading near Rs 29140. While silver fell 0.6 per cent  and come down to Rs 44,200.

The appreciation of the rupee continues today. In the U.S., generally when data comes positive, the dollar gets strong but in last 2 days, the rupee has risen to 61.64 against the dollar.

Domestic factors are likely to responsible behind the rising rupee. It is believed that the results are predictable and could strengthen the rupee.

Gold and Silver Updates

Comex Gold and silver are looking weak on the chart. The prices are likely to take a dip before taking an upside run. So a best strategy to adopt in bullion is buying on dips.

Gold on MCX is trading near 26800. We can see a slight dip towards 26600-650 and then a recovery in gold prices. So buy MCX gold near 26600-26650 for the targets of 26750-26850-27100.

Silver commodity can be accommodated near 52650 TG-53000-53500.

MCX Gold Silver Intraday Calls- Bullion Report

Gold August is looking bearish below 22400 but 22650-750 are crucial reions trading above which supports a Good upside trend for gold. If Gold unable to clear above 750 levels, more chances are there to face a sell off towards 22400 levels below which it could face more downfall.

For Intraday I would suggest to make buy position above 22675 For the targets of 22725-2775-22800 keeping an stop-loss below 22500

While in MCX Silver July Futures one can go for Intraday sell below 55500 for the Targets of 56200-55900 keep a stop-loss above 56900

else above 57000 go for Buy for the targets of 57300-57600-57900

MCX Tips for Today: Commodity Update

Gold (Jun) Buy Around 22300-350 Target-22420-22480 SL-22255

Silver (Jul) Buy Above 55100 Target-55300-55600 SL-54950

Copper (Jun) Buy Above 403 Target-406-409 SL-400.7

Lead (May) Buy Around 112.5 Target-113.4-114.3 SL-111.8

Nickel (May) Buy between 1030-1033 Target-1045-1060 SL-1022

Zinc (May) Sell Below 97.4 Target-96.3-95.2 SL-98.4

Gold and Silver MCX Trading Updates

Gold Silver Trading levels for today evening

In-spite of good opening and an Upside gap today, Gold could not maintain it and yesterday's bearish bias overshadows the Gold's Day move today. A rise above 21820 might take gold to catch the rallies again so initiate new longs from there only for targets of 21900. Else the bearish trend would be continues for the entire session.

If Silver maintains the level of 67000, a range bound market could be seen with a brief rise towards 69000. A rally could be seen if 69200 level get breaches.