GOLD NEWS

MCX Gold prices have given breakdown of its rising channel formation at 30358 levels on hourly basis.On the other hand,MCX Gold prices have been trading below its 21 HEMA which indicates short term negative confirmation to the prices.Moreover,Momentum Indicator RSI is trading below at 50 levels in hourly time frame.For now we expect prices should move lower towards 30050 levels in the coming trading sessions.

                     

        MCX Silver  

MCX Silver prices have given breakdown of its rising channel formation at 41335 levels on hourly basis. On the other hand, MCX Silver prices have been trading below its 21 HEMA which indicates short term negative confirmation to the prices. COMEX Silver price are trading in rectangle formation on hourly time frame. Moreover, momentum indicator RSI is trading below 50 levels on hourly chart. For now we expect prices to move lower towards 40700 levels in few trading sessions. 

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