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Gold

MCX Gold price is trading inside the falling trend line channel, price is expected to trade negatively. Sustaining below 46750 would drag the price lower towards 46550/46400 levels intraday. The price has been trading below 100 hourly EMA which is a bearish sign for the prices.

SELL GOLD BELOW 46750 SL ABOVE 46900 TGT 46550/46400

Silver

MCX Silver price is trading inside the symmetrical channel, price is expected to trade negatively. Any break down below 63800 would drag the price lower towards 63200/62800 levels intraday. Price is forming lower highs inside the channel which shows bearishness in the prices.

SELL SILVER BELOW 63800 SL ABOVE 64200 TGT 63200/62800

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