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Gold

MCX Gold price is trading inside the falling trend line channel, price is expected to trade negatively. Any break down below 51000 would drag the price lower towards 50700/50600 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a negative sign for the prices. 

SELL GOLD BELOW 51000 SL ABOVE 51200 TGT 50700/50600

Silver

MCX Silver price has given a negative breakout, price is expected to trade negatively. Sustaining below 67000 would drag the price lower towards 66000/65500 levels intraday. The momentum indicator RSI is trading at 17 and it is forming lower lows which is a negative sign for the prices.

SELL SILVER BELOW 67000 SL ABOVE 67600 TGT 66000/65500

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