mcx bullion commodity report for 21 october 2016

gold bullion commodity report for 21 october 2016 Mcx gold future last closed at 29905 with the loss. In intraday, we saw upside up to 30050. Traders here keep buy on dips view and expect upside for this bullion commodity. Mcx gold is in the recovery phase and might show high levels up to 30150 to 30600 in short to medium terms. For intraday mcx gold support zones are 29790 and 29700 while on upside 20950 and 30150 are intraday resistances as well as target zones. For medium to long-term investor’s current level is best buying opportunity. silver bullion commodity report for 21 october 2016 Mcx silver future last closed at 41990 with the loss. Silver is range bound but trying to recover. On upside 42400 and 42900 are strong hurdles as well as intraday targets for today. On downside mcx silver intraday support zones are 41800 and 41350. These are intraday entry levels for long traders. Mcx silver weekly chart also signaling bottoming out the pattern so best investing opportunity with medium to long term view. For mcx bullion trading tips on whatsapp with live support and follow ups join our mcx tips service.

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Pramod Baviskar

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