Gold and Silver are finding new supports and resistance .....they will remain sideways....Sell on rise and buy on dips....TILL GOLD IS HOLDING 26800......IT IS BULLISH....UPSIDE BREAKOUT OF 27054 WILL OPEN UP TARGETS 27100+, 27200....OUR SHORT TERM TARGET IS 27700+ (27800).....
Unless Gold and Silver give a confirmed breakout, Down or Up....Trade with strict SL and book profits quickly.....
Overall my view is still Bullish on these commodities......Even though Comex market is falling MCX still remains Bullish as USD/INR rates are supporting the price from big fall.....
Positional buyers - Above 26000 on closing basis ....remains bullish trend.....
Unless Gold and Silver give a confirmed breakout, Down or Up....Trade with strict SL and book profits quickly.....
Overall my view is still Bullish on these commodities......Even though Comex market is falling MCX still remains Bullish as USD/INR rates are supporting the price from big fall.....
Positional buyers - Above 26000 on closing basis ....remains bullish trend.....