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The effect of international market breaks down in the domestic market is also being witnessed gold and silver today. Gold and silver have seemed down trend in international market. Gold on Comex is trading down near to 022 percent at 1658 dollar, while Silver is also trading down more than half percent.MCX Gold Update: - In domestic market MCX Gold has introduced negative at Rs 29005, while last trade of MCX gold was closed above 0.69 percent at Rs 29,000 on Thursday. Current view of MCX Gold is trading up 0.11 percent at Rs 29063 at around 10.30 Am.
Trading Strategy: - Buy MCX Gold June above 29065.
Targets- 29079, 29096.
Support: 28898-28767
Resistance: 29102-29175.
MCX Silver View: - Silver on MCX is showing negative view today. It has started bearish trend at Rs 55840 in previous. But currently it is recovering position of them with Rs 55851 below 0.13 percent. Tomorrow it was closed up 1.30 percent at Rs 55,909.
Silver Call:- Buy MCX Silver May Above 55,915.
Targets- 55,941, 55963.
Support: 55439-54955.
Resistance: 56228-56533.
