Last week, Gold and Silver traded higher and gave the close in the vital zone. Both precious metals can show higher levels in coming sessions.
MCX Crude Oil again traded in a narrow range and didn’t give a weekly close above 4830 levels.
The chances are higher oil may decline towards 4500/4400 levels from current prices. That’s an opinion, not a fact, so it’s better to follow levels.
MCX Gold Weekly Levels
Next week, 10 & 12 May, are the crucial dates for MCX Gold.
Resistance is at 47900 levels; above that, Gold can move towards 48050/48250/48500/49100.
Support is at 47300 levels; below that, MCX Gold can move towards 47150/46950/46700/46100.
MCX Silver Weekly Levels
Next week, 10 & 12 May, are the important Gann dates for Silver.
Resistance is at 72050 levels; above that, Silver can move towards 72400/72950/73800/75100.
Support is at 71050 levels; below that, MCX Silver can move towards 70700/70150/69300/67950.
MCX Crude Oil Weekly Levels
Next week, 10 & 14 April, are the important dates for Crude Oil.
Resistance is at 4850 levels; above that, Crude Oil can move towards 4900/4960/5040/5160.
Support is at 4690 levels; below that, MCX Crude Oil can move towards 4640/4580/4500/4390.
Note: The above levels are only for study. Not a Buy/Sell advice.