Mcx commodity market showing bearish note, currently mcx gold continue its strong uptrend . Now gold is trading overbought level the mcx signal is showing buying trend current position of gold is buy. While silver is also perfect uptrend buy silver for profit booking. Positionally support for the silver is 43422, 43303 and immediate resistance for the silver is 45150.
Rupee is witnessing strong pressure on base metals. MCX Nickel fell nearly 1 per cent has come down to Rs 1,125.
Mcx natural gas is in sideway trend but the trend look weak so buy above 278.7 or hold with stop at 266.9.
Mcx gold above 27650 target 27710/27760/28110 stoploss 27550
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