Mcx gold future on 5th may 2016 closed at 29992 with loss.
Gold is heading towards support but reversal move will be buying opportunity for tgts 31k and 31800.
For today 6th may 2016, gold intraday supports are 29900 and 29600 while on upside 30115 and 30400 are resistances as well as tgts.
Mcx silver future on 5th may 2016 closed at 41263 with loss. Silver also retracing towards major support of 40200.
For today 6th may 2016, mcx silver intraday support zones are 40850 and 40200. On upside 41600 and 42300 are resistances.