Gold Silver Trend |MCX Tips Today 16 May

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Gold Silver Trend :- Gold and silver is trading at lower level due to having the weak global cues as attraction is sinking on international market There is always some amount of physical buying taking place at lower level from China and India. However, that is not enough to take the market at a higher level. 

MCX Gold Tips Today :- Gold around Rs 26,400 per 10gm is a good level to short with a stop loss of Rs 26,600 per 10gm for a target price of Rs 26,200 per 10gm. 

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MCX Gold Silver Tips and Trend Today

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MCX Silver Trend :- With volatile trading session gold and silver now trading with negative bias. Tracking a weak global trend,silver prices moved down by 0.25 per cent to Rs 45,006 per kg in futures trade today as speculators partially offloaded positions. 

Gold Updates :- June futures have been consolidating in a range however prices still hold strong resistance at 27500 & trend remains down till the given level holds. On the lower side, support holds at 26580, a breach below the given levels further selling is expected till 26000 & 25300 levels. 

Mcx tips :- Sell gold at 26900, Stoploss 26950, Target 26820. 

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