The present technical set up looks to be bullish towards  56200/57000 or even more, but early attempts to evolve into a rally  targeting the same are expected to face the stiff resistance of 53000, which if unsuccessful would diffuse the buying momentum and the trend looks for a dip lower till 49800 levels for the day. However major falls are anticipated only a close below the strong support of
49000.

After taking support near 25650 prices traded firmly early session.  Going forward, we expect prices may face stiff resistance of 26050-100 region and likely to result a drop towards 25800/25650.  Anyhow, an unexpected dive below 25550-500 may give solid  indication for sellers to enter the counter towards the target of 25000. Major rallies favored only above 26200 towards 26550.
 

Gold Commodity :As long as prices hold 26000, counter may mount buying pressure  towards 26400/500, which is likely to hold initially but expect to  extent the rally till 26700 later. On the other side, if prices make  consistent trades below 26000 region would lure weakness towards  25900/25830 then to 25570.

Silver Commodity- Prices pulled backed sharply after taking support at the lower end of the rising trend line support i.e. 51100. Day’s bias prices expect to drift higher towards 54800/56700, but further rallies would be  seen only a close above 57000. A direct fall below 50800 would delay the upside and calling for a re look into the possibilities of origination of a bear trend.
 

Gold prices has been recovering since morning trades likely to extend this recovery till 26800-900 region but if prices continuously trades below 26300 then one could go for sell for the target of 26100-25900. A move below 25500 may call for strong bearishness again. Buying is favored above 26400 till 26700-900.

Silver is looking bullish above 55200 and for the intraday the same level could be tasted if it trades above 54750. Traders can buy silver above 54750 TG-54900-55200. Fresh buying can be taken place above 55500.

Commodity Gold Tips for The week
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1800 $ an ounce, then above 1890$ it can test the level of 1912/1940$ an ounce and above 1950$ it can further move upward. And in MCX
Gold above 28400 it can test the level of 28600/28750/28900 and Below 27550 in MCX it can test the level of 27350/27060/26900. Trade by keeping the strict stop losses.

Major support for COMEX Gold in the coming week is 1750$ and 1680$.
Major resistance for COMEX Gold in the coming week is 1950$ and 1995$
Major support in MCX Gold is 26500 and 25200
Major resistance in MCX Gold is 28700 and 29000

MCX Silver has just cleared the crucial resistance of 65500 and now heading towards 66000 mark. If prices moves above 65200 then more upside can be seen and silver can progress to 66500-67000 soon.

As if now traders can go for long in silver at 65750 and wait for 66000-66200.

below 65450 trend may get reversed.

Bullion Metals This Week

 
MCX Gold is likely to remain bullish for the week. A break above 28130 will break more upside levels and it may touch 28300-500 and even 28600 mark during this week.

On the downside, trading below 26900 will be a sign of bearishness in Gold.

Silver is also looking strong for the week. If it manages to break 66990 level with substantial volume, the reaction rallies could lif the prices till 68100-69000.