STRATEGY
For the next week traders can use sell on higher level strategy if COMEX Gold sustains below 1720 $ an ounce, then below 1710 $ it can test the level of 1690$/1670$/1645$ $ an ounce. And in MCX Gold below 28400 it can test the level of 28200/28010/27800. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1640$ and 1580$.
Major resistance for COMEX Gold in the coming week is 1840$ and 1900$
Major support in MCX Gold is 28000and 27100
STRATEGY
Technically COMEX Silver is consolidating on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3160$ an ounce, then below 3120$ COMEX Silver can test the level of 3060/3006/2970$ an ounce. And in MCX Silver sustains below54500 then it can test the level of 53000/52000/51000,Trade by keeping the proper stop losses.
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For the next week traders can use sell on higher level strategy if COMEX Gold sustains below 1720 $ an ounce, then below 1710 $ it can test the level of 1690$/1670$/1645$ $ an ounce. And in MCX Gold below 28400 it can test the level of 28200/28010/27800. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1640$ and 1580$.
Major resistance for COMEX Gold in the coming week is 1840$ and 1900$
Major support in MCX Gold is 28000and 27100
STRATEGY
Technically COMEX Silver is consolidating on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3160$ an ounce, then below 3120$ COMEX Silver can test the level of 3060/3006/2970$ an ounce. And in MCX Silver sustains below54500 then it can test the level of 53000/52000/51000,Trade by keeping the proper stop losses.
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