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Gold

MCX Gold price is trading under a  descending triangle pattern, price is ese expected to trade negatively. Any breakdown below 47900 would drag the price lower towards 47650/47500 in| intraday. The price has started trading below 9,21&60 hourly EMA which is a  teas. bearishness in the prices.

SELL GOLD BELOW 47900 SL ABOVE 48100 TGT 47650/47500

Silver

MCX Silver price has given negative breakout from descending triangle pattern, price is expected to trade negatively. Sustaining below 61700 would drag the price lower towards 61000/60700 levels intraday. The price has started trading below 100 hourly EMA which is a bearishness in the price

SELL SILVER BELOW 61700 SL ABOVE 62300 TGT 61000/60700

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