mcx gold weekly forecast for 20 to 24 july 2015
Mcx gold future this week closed with loss. This was forth losing week for gold prices. This week gold future hit high around 26115 while low was at 25461. Total 700 rupee range and closed with loss. Weekly chart price trend is down but indicators are oversold. For next week gold future support zones are 25240 and 24900. On upside 25700 to 25800 is major supply zone. Risky investors here can follow buy and accumulate view.
mcx silver weekly forecast for 20 to 24 july 2015
Mcx silver future this week closed with loss at 34200. After last week strong bounce back and short covering silver resumed downtrend. This week silver future high was at 35745 while low was at 34121. Total 1600 rupee range and closed with loss. On weekly chart price is in absolute downtrend and indicators are approaching oversold zone. For next week silver support zones are 32800 and 30400. While on upside 34200 and 35800 are strong resistances.