MCX Gold August is looking bearish below 22400 but 22650-750 are crucial reions trading above which supports a Good upside trend for MCX Gold. If MCX Gold unable to clear above 22750 levels, more chances are there to face a sell off towards 22400 levels below which it could face more downfall.
For Intraday trading in MCX Gold-Aug I would suggest to make buy position above 22600 for the targets of 22640-22675-22700 keeping an stop-loss below 22555.
For Intraday trading in MCX Silver July Futures one can go for sell around 53500 for the Targets of 53200-53000-52750 keeping a stop-loss above 53770. Else above 55000 go for Buy for the targets of 55300-55600-55900
For Intraday trading in MCX Gold-Aug I would suggest to make buy position above 22600 for the targets of 22640-22675-22700 keeping an stop-loss below 22555.
For Intraday trading in MCX Silver July Futures one can go for sell around 53500 for the Targets of 53200-53000-52750 keeping a stop-loss above 53770. Else above 55000 go for Buy for the targets of 55300-55600-55900
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