Gold
Support at $1236 and Resistance at $1245---$1249
Decisive break and sustain below $1236 will take to $1225---$1210 else it could test its resistance level of $1245---$1249 again
Close above $1249 will see further upside rally till $1255---$1263. Three consecutive closes + weekly close above $1263 will see sharp upside rally in Gold
$1173 act as major support in Gold and positional sell will initiate only close below $1173
We will expect range bound trading in Gold with in and out strategy. So traders can trade safely with levels only and wait for confirmation
On MCX division.. Clearly indicates that Gold has hurdle at 29900 and we will do buying in Gold only above 29900 mark else it could test its support level of 29400 and then to 29050---28800 mark in days to come
Here 28000 act as major support and fresh selling will initiate only weekly close below that mark as a positional call. Till then traders can trade in a range of 28000---29900 for this week.
Anything seems will update via App
Silver
Support at $14.80 and Resistance at $15.00
Break and sustain below $14.80 will take to $14.60---$14.45 and then to $14.30 mark in days to come
Else it could test its resistance level of $15.00 again
Close above $15.00 will see further upside rally till $15.20---$15.50 mark
Trade with levels only
On MCX division... Below 36500 it could test 36200---36000 and then to 35700 mark. Further downside panic will see only below 35700 mark
Else it could test its resistance level of 37200 again. Close above 37200 will take to 37600---3800 mark
Trade with levels only
Crude oil
Support at 2300 and Resistance at 2355
Close below 2300 will take to 2270---2240---2210. Further downside move will see only weekly close below 2210 mark else it could test its resistance level of 2355 again
Close above 2355 will take to 2390---2420 and then to 2450 mark
Traders can trade with levels only
More will be update soon only on our Android App!!
