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MCX Gold likely to consolidate; Silver may re-test Rs 70,000
MCX Crude oil may find support at Rs 6,400; Natural Gas could test Rs 227
Gold tests major hurdle at Rs 56,850; Silver likely to play catch-up
Uptrend in Crude oil capped at Rs 6,760; Pivot for Natural Gas at Rs 285
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Near support for MCX Crude Oil seen at Rs 6,030; Natural Gas to test Rs 285
Gold to remain bullish above Rs 55,100; Silver may remain volatile
Crude Oil may weaken below Rs 6,340; key support for Natural Gas at Rs 333
Gold may enter short-term corrective phase, test Rs 52,000-level
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MCX Gold likely to consolidate; Silver may re-test Rs 70,000

The MCX Gold futures are likely to consolidate in a trading band of Rs 56,100 to Rs 57,300 in the coming trading sessions.

Topics
Gold Prices | Silver Prices | commodity trading

Rex Cano  |  Mumbai 

gold

The MCX Gold and Silver futures have been consolidating in the recent weeks following strong gains in the preceding weeks. The overall bias for Gold futures remains positive, while Silver futures may look to bounce back in the near term.

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First Published: Mon, January 30 2023. 09:18 IST

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