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Gold

MCX Gold opened on a flat note and witnessed selling for the first part of the session. The chart pattern suggests that if Gold breaks and sustains below 51200 level it would | evsoa witness selling which would lead the It towards 50900-50800 levels. Important Resistances for the day are placed at 51600.

SELL GOLD BELOW 51200 SL ABOVE 51500 TGT 50900/50800

Silver

MCX Silver opened on a flat note and remained in a small range throughout the day. The chart pattern suggests that if Silver breaks and sustains below 64500 level it would witness selling which would lead the It towards 63700-63300 levels. Important Resistances for the day are placed at 65700.

SELL SILVER BELOW 64500 TGT 63700/63300 SL ABOVE 65000

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