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MCX Gold Tips
MCX Gold June as seen in the weekly chart above has initially moved sharply higher but found very strong Resistance at 28880 levels. Later prices fell sharply towards 28501 levels and finally closed marginally lower from the previous weeks closing levels.
MCX Silver Tips
MCX Silver May as seen in the weekly chart above has initially moved higher, and as expected found very good resistance at 57949 levels. Later prices fell sharply towards 56401 levels, and finally closed lower from the previous weeks closing levels.
Trading Call: Sell MCX Silver May below 57130, Stoploss: 58051, Target: 56200-55900.
MCX Copper Tips
MCX Copper April as seen in the weekly chart above has initially moved sharply higher, and as expected found strong resistance at 440.40 levels. Later prices fell sharply towards 428.60 levels and finally closed marginally lower from the previous weeks closing levels.
Trading Call: Sell MCX Copper April below 434.90, Stoploss: 439.50, Target: 427-422.