Gold Silver Updates: MCX Bullion Tips and Technical Levels

Gold is currently trading in a strong downtrend and is supported with good volumes. Gold is expected to trade with positive bais. Traders are advised to buy Gold above 28029.6 and Sell if below 26737.
Gold (FEB): Trend - Bearish
Resistance: 27731 - 27511, Support: 27181 - 26951.
Strategy - Sell on higher Levels.

Silver is currently trading in a strong downtrend with good momentum and is expected to trade positive. Traders are advised to buy Silver above 53157.9 and Sell if below 49509.2
Silver (MARCH): Trend - Bearish
Resistance: 53455 - 52305, Support 50905 - 49855.
Strategy - Sell on higher Levels.

Gold Silver Trend Updates for Today: MCX Bullion Tips

Gold is in bearish trend for medium-long term. Gold is currently moving in sideways and now trading in overbought level. The oscillator is showing sell signal and has moved down to its previous low with good volume points to a negative break out.
Support: 27045. Resistance: 27815 - 28490.
Traders are advised to buy Gold above 27388.10 with a stop of 27199.10. Below 27173.4 go for sell.

Silver is currently in downtrend with good momentum but volume is unsatisfactory and the open interest is not increasing with trend.
Support: 50090. Resistance: 53726 - 56442
Traders are advised to sell Silver if open below 49841.5 with stop loss at 51433.5 or sell below 49147. Buy only above 52129.7

MCX Gold Silver Evening Updates for Today

MCX Gold Mini (Jan) For the day, major rallies can be expected only a break above 27775. A direct fall below 27395 would result for fresh selling towards 27235/165 and then to 27000.
Resistance2 - 27885/27965, Resistance1 - 27635/705/825, Support1 - 27445/27395, Support2 - 27245/27000

MCX Silver Mini (Feb) Some initial moves are expected to find the support near 52555 followed by a consolidation and can drag higher towards the 53105/53505 levels.
Resistance2 - 54010/54410, Resistance1 - 53010/53510, Support1 - 52410, Support2 - 52110/51610