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.
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.
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