Friday, April 28, 2023

view for may in gold and silver

Good morning 

Gold at 1988$ 
In mcx currently at very crucial zone 
Downside reversal possible below 59500 
(Only closing basis)

Major support zone 59680-700 

Upside resistance 60400 

Trade in lighter qty. And hold for longer trade 

Do not be long side below 59500-400 
In gold. 


Silver - silver is making flag - Penants formation in comex 

If Breakout happen then a sudden 3-4% move can be possible at this price 

Dont be long below 24.5$ (closing basis) 

In mcx don't be short side below 72700

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