COMMODITY MARKET VIEW FOR NEXT WEEK 30TH OCT

 Gold view -

Gold giving weekly closing here at around 1665-75$
Which make a bullish formation candle
Also monthly closing here which is also forming bullish formation
NFP on Friday can also give a positive sentiment to the Gold
Here is one more thing which is important to consider DEEPAWALI season Near and as we see market shows bullish sentiment before this festival

50700 is important zone in gold MCX
We'll see weakness below 50000 level
Currently Gold at 50400


Support zone - 50000 & 49600
Resistance 50700- 51100

SILVER VIEW

Silver view -

Silver also have bullish formation and closing can also be strong here
Similiar in monthly time frame
Also you can see a breakout about to happen on charts
Upper resistance at 19.8$
trend change below 56000

currently at 57050
 

In Silver MCX

Support at 55700-56350