Gold Silver Reports — Technically Gold market is getting support at 28280 and below same could see a test of 28058 levels, and resistance is now likely to be seen at 28688, a move above could see prices testing 28810.
Analysis
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Copper-Nickel-Aluminium-Zinc Under Short Covering
Gold Silver Reports — Copper MCX is getting support Key 380 and below same could see a test of 377 level, And resistance Key is now likely to be seen at 386, a move above could see prices testing 389.
Nickel MCX Under Fresh Selling Support Key 548
Gold Silver Reports — Nickel MCX Under Fresh Selling Support Key 548 — Technically Nickel market is under fresh selling as market has witnessed gain in open interest by 7.31% to settled at 47195 while prices down 12.6 rupees.
Silver MCX Strong Support Key Between 37300—39700
Gold Silver Reports — Silver on MCX settled down -1.35% at 38052 adding to overnight losses after the Federal Reserve left the door open to raising interest rates in June.
Silver MCX Strong Resistance Level at 41333
Gold Silver Reports — Technically market is under short covering as market has witnessed drop in open interest by 1.39% to settled at 13655 while prices up 311 rupees.