MCX Gold Silver Updates for Today

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.

MCX Gold Silver Updates

MCX Gold

MCX Gold June as today opened below 22600 which take it to the possibility of correction towards 22420-300. As per now a direct fall could be seen if it breaks the level of 22210. Rally could be seen above 2263o.

One can go for long in Gold only above 22600 for the targets of 22700-750.

Below the level of 22450 one can go for sell in Gold futures (June)


In Silver a Sharp Downfall can be seen below the level of 65000. A sustainable level of 66900 could again take it to touch the level of 69000-70000.

If it manages to stay below 64500 it can fall to the level of 62000.