Mcx gold and silver intraday technical report for 29 sep 2016

mcx gold intraday technical report for 29 sep 2016 Mcx gold future on 28 Sep 2016 closed at 30949 with loss. Mcx gold price trend is weak and heading for my given target 30350. As I already suggested to stay short below 31150 for tgt 30350 and gold prices hit low around 30850. Yesterday gold hit high around 31039 while low as around 30866. For today, mcx gold future intraday outlook remain weak and trading strategy remain sell on rise. Today’s mcx gold future tips is sell mcx gold Oct future around 31165 if comes with stoploss for target 30800. MCX.SILVER - Candle Three Months_1d 2016-09-29 101348 mcx silver intraday technical report for 29 sep 2016 Mcx silver future on 28 September 29, 2016 closed at 45623 with gain. Mcx silver also in downtrend but has strong technical support at 45350 zone and till holding it. Mcx silver outlook is bearish as this precious metals is volatile one so expect sharp bounce backs. For today mcx silver future tips is to sell mcx silver Dec. expiry future around 46330 if comes with stoploss for target 45200.

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Pramod Baviskar

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