A sharp decline was seen in Silver earlier which now has been recovered after traders took a buying interest at lower levels. On MCX, December contract of silver commodity is trading above 53150. Now an upside momentum could be seen above 51200 which might last till 53500-53700 for the day. But inability to sustain above 53000 can exert a selling pressure in this precious metal and Silver can slip below 52700 level.

So traders can go for buy above 53200 for the targets of 53350-53500-53700.
 

International  Gold is in a technically consolidating mode on the charts for short term. Last week  Gold was trading in a range from 1650 to 1695.

Now for the next week the major support for Comex Gold is seen near 1600 while resistance is residing near 1840. 

Traders should go for strategy of buy on lower levels for Comex gold this week. If it manages to trade consistently above 1655 then prices may go up to 1695. Above 1695, we can expect the upside levels like 1710-1735 in near term.

MCX has been on decline in Gold and Silver. A slight decline of near 0.50% is seen in Gold commodity. Silver is trading more than 1.5% behind its previous close. International gold and silver are also trading in negative zone. For Intra-day the the momentum is slightly negatively biased.
Commodity Gold Silver trading Tips-

Buy Gold near 26650-26750 TG- 26850-26900-27100 also keep a strict Stoploss below 26450

Buy MCX Silver above 53560 TG- 53900-54200.

MCX Gold- The daily prices have been hovering in the range of 25500-27000 from last two weeks. Price have bounced back after testing 25500 levels. Strong resistance is

seen at 26800-27000 levels. We expect prices to see a minor rally to test 26800

levels and then probably a fresh round of sell off to test 26200 levels. We

recommend sell on rise to 26750-26800 levels with a stop loss placed above 27100

levels for targets of 26400 / 26200 levels.

MCX Silver- Prices have been witnessing sideways consolidation moves in the range of 48000-

55000 levels. The daily RSI is still looking weak with lack of strength. Going

forward, we expect prices to see a fresh round of sell off from the resistances for

targets of 50000. We recommend traders to sell of rise to 53500-54200 levels with

a stoploss placed above 55500 levels for targets of 50000 levels. 

COMEX Gold is in a technically weak on charts for short term. Last week COMEX Gold was trading in a range from $1600 to $1660. In the coming week $1530 will act as a major support in COMEX Gold and $1840 will act as a major resistance.

For the next week traders can use buy on lower level strategy if COMEX Gold sustains above $1655 an ounce, then above $1670  it can test the level of $1695/$1715 an ounce. 

Major support for COMEX Gold in the coming week is $1530 and $1470

Major resistance for COMEX Gold in the coming week is $1840 and $1880

Though Silver has to face a breakout today but for the broad term prospective, it is looking bullish. Till the prices remain above 52500, silver is in buying mode and one can go for Buy on dips for the targets of 53500-54000. While below 52000 silver may take a dip towards 51200-50800.
Commodity Gold is also looking positive and can be bought above 26550 TG- 26650-26800.

Counter witnessed some sort of buying pressure in the early trading  sessions. For the day we expect this buying momentum may stretch  out till 27000-27050 region for a slid listlessly towards 26820 then  against 26650. Anyhow intraday weakness is expecting only below  26600 towards 26440/26300. Conversely any trades above 27050 would give a confirmation for further upside point to 27180/27360/27550.

A strong recovery from 50200 suggests the recent price action is  merely a consolidation of a triangle pattern. Intraday we favor a neutral to positive bias as long as 51300 hold the downside. On the higher side, rise above 52900 could rejuvenate buying interest and take prices higher towards 54400/55900 levels. It would be required to break 50100 to negate the view and take prices lower.

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The present trading set up looks to be bullish towards  54500/56000 or even more, but early attempts to evolve into a rally  targeting the same are expected to face stiff resistance at 53000, which if unsuccessful would diffuse the buying momentum and the  trend looks for a dip lower towards 50700 then towards 49800 levels for the day. However major falls are anticipated only a close below the strong support of 49000. 

Gold Trading Levels
For the next week traders can use sell on higher level strategy if COMEX Gold sustains below 1600 $ an ounce, then
below 1585 it can test the level of 1560/1540  an ounce. And in MCX Gold below 25400 it can test the level of
25100/24900/24600. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1530 and 1470.
Major resistance for COMEX Gold in the coming week is 1840 and 1880
Major support in MCX Gold is 24900 and 24500
Major resistance in MCX Gold is 28300 and 28800

Silver Trading Levels 

Technically COMEX Silver is weak on charts. For the next week traders can use sell on higher level strategy if Silver
sustains below the level of 3000$ an ounce, then below 2900$ COMEX Silver can test the level of 2840/2760 an
ounce. And in MCX Silver sustains below 50000 then it can test the level of 48000/46000/44000, Trade by keeping the
proper stop losses.