MCX Gold Updates: Weekly Prediction

Today Gold June contract opened at 21952 and made a high of 22034. For this week Gold expected to remain in trading range of 21200-22800. Gold is getting strong support at 21500 for near term.

For ongoing week, Gold future expected to remain sideways to bullish. Gold looks to take support at 21900 and resistance at 22060. One can buy Gold at 21850 rupees by maintain stop loss below 21600 for target near 22250 in current week.

MCX Gold Silver Trend Today and Intraday Tips

MCX Gold June
Gold price are about to catch its 21 EMA support level of 22000. for Intraday on should go for buy on Dips strategy around 22000-22020 level keeping a stoploss above 21900 for the Targtes of 22150-22200.

MCX Silver July
In Silver MCX has witnessed strong sell off in past four trading sessions. Currently, prices are at a crucial support 50% retracement levels
which may bring some buying for short term. Break below 58000 levels may see further downsides to 54000 levels. Below 58000 levels may see further downsides to 54000 levels.

for Intraday one can Sell Silver June below 58000 for the targets of 57500-57200 SL-58700