MCX Gold Silver Trading Tips

MCX gold and silver prices are trading up in early morning trade on Monday. Industrial metals rose more than 1 % on Friday, supported by a broader-based rally in commodities, a weak dollar and developing signs of physical market tightness that enabled prices to bounce away from a two-week low. 

MCX Gold Silver Support and Resistance Levels :- 

MCX gold April support Rs 27800/Rs 27969, resistance Rs 28233/Rs 28392

MCX silver May support Rs 55991/Rs 56629, resistance Rs 57693/Rs 58331

MCX Gold Silver Intraday Trading strategy :-

1. Buy MCX Gold Apr between 28,000 -27,970
2. BUY MCX Silver May between 56,650-56,550