Mcx gold Oct expiry future is trading at 26384 with almost 1% gains. For intraday, gold future has resistances at 26380 and then 26465 and these levels also target target zones. Out of which 26380 is already achieved and 26465 is almost ached as gold hit intraday high around 26437. Gold above 26465 for intraday give fresh breakout and continue its journey towards 27100 level. On downside 25950 is major support level and reentry zone for fresh buyers.
Mcx silver dec expiry future is trading at 36033 with gain. Silver recorded intraday high around 36120 and now trading just below it. For today, silver future has strong intraday resistance at 36040 then 36500 and last 36600. These levels will also be target zones for intraday traders. On downside 34800 is major support as well as reentry zone for fresh buyers. Those are long must trail stop loss and wait for target 36500-36600 while risky traders can go short near 36600 with stop loss for correction move up to 35500 to 34800.