Last week, Silver continued its earlier week’s rally. But Gold ends flat.
Above 63600-800 zone MCX Silver made the high around 65600 levels. To rally further, Silver needs to break and sustain above 66100 levels. Else a pullback can happen till 64500/63300 levels.
MCX Gold traded in range last week. Next week, the 47600-800 zone will play a crucial in Gold. If Gold sustains above that zone, it can rally towards 48300/48600 levels.
Last week, below the weekly support level 5020, MCX Crude Oil fell over 100 points.
Next week, the 5140 levels will play an important role for Crude Oil bulls. If Oil breaks and sustains above the 5140, it can rally more. Else, a pullback towards 4990/4930/4850 levels can happen.
MCX Gold Weekly Levels
Next week, 08 & 10 September, are Gann reversal dates for MCX Gold.
Resistance is at 47600 levels; above that, Gold can move towards 47850/48150/48500.
Support is at 47300 levels; below that, MCX Gold can move towards 47050/46750/46400.
MCX Silver Weekly Levels
Next week, 06 & 10 September, are the Gann reversal dates for MCX Silver.
Resistance is at 66100 levels; above that, SilverSilver can move towards 66600/67300/68200.
Support is at 64900 levels; below that, MCX Silver can move towards 64400/63700/62800.
MCX Crude Oil Weekly Levels
Next week, 30 August & 01 September, Gann reversal dates for Crude Oil.
Resistance is at 5090 levels; above that, Crude Oil can move towards 5130/5180/5240.
Support is at 5020 levels; below that, MCX Crude Oil can move towards 4980/4930/4870.
Note: The above levels are only for study. Not a Buy/Sell advice.