Gold Silver Reports – Technically Silver mcx market is under fresh selling as market has witnessed gain in open interest by 3.61% to settled at 14190 while prices down 125 rupees.
Analysis
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Gold Testing Critical Breakout Level
Gold Silver Reports — Gold Testing Critical Breakout Level — Below looks at the gold/US dollar ratio over the past 8-years. The ratio is testing a level that has been critical to gold bulls for the past few years and we suspect it will be critical for it again at this level.
MCX Gold Under Fresh Buying Strong Support Key 29260
Gold Silver Reports — Technically Gold market is under fresh buying and getting support at 29424 and below same could see a test of 29260 levels, and resistance is now likely to be seen at 29888, a move above could see prices testing 30112.
Zinc MCX Market Support Key Level 197
Gold Silver Reports — Technically Zinc market is under long liquidation as market has witnessed drop in open interest by 6.9% to settle at 8020.
MCX Copper Intraday Trading Key between 412-430
Gold Silver Reports — Technically Copper market is getting support at 416 and below same could see a test of 412 level, And resistance is now likely to be seen at 428, a move above could see prices testing 430.