MCX Bullions Outlook - Intraday Trend

MCX Gold

Gold prices are expected to trade lower one can sell around 28000 – 28050 with a stop loss of 28250 for the downside target at 27750- 700.oscillators indicating a flat to negative move.

Intraday Technical Levels :
   S3     |    S2     |     S1     |       R1     |      R2     |     R3
27700  |  27850 |  28000  |    28120   |  28230   |  28350

MCX Silver

Silver prices are likely to test 56100 – 55800 on lower end one can sell around 56700 -56800 with a stop loss above 57300.oscilators indicating a flat to negative move ahead. Fresh long is recommended only above the close of 57500.

Intraday Technical Levels :
   S3     |    S2     |     S1     |       R1     |      R2     |     R3
55200  |  55700 |  56100  |    56500   |   57300  |  57800