MCX Silver Updates

Initial dips towards 54900-500 regions are favored  followed by a
consolidation and drift higher. 55700/56500 are the upside objective
once 54500 is undisturbed. Conversely, a direct dip below 54450 could
drag prices lower till 54100/53600 or even more.

MCX Gold Updates

Gold suggest that prices are trading close to a crucial resistance of
30250. Stochastic is losing its strength. We expect prices to correct
up to levels of 29800......

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