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Gold

MCX Gold price has given a negative breakout, price is expected to trade negatively. Sustaining below 52460 would drag the price lower towards 52100/52000 levels intraday. The price has started trading below 20&60 hourly EMA which is a bearishness in the prices.

SELL GOLD BELOW 52460 SL ABOVE 52650 TGT 52100/52000

Silver

MCX Silver price has given a negative breakout from rising trend line channel, price is expected to trade negatively. Sustaining below 69000 would drag the price lower towards 67500/67000 levels intraday. The momentum indicator RSI is trading at 50 it shows bearishness in the prices.

SELL SILVER BELOW 69000 SL ABOVE 69600 TGT 67500/67000

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