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MCX Gold Silver

Domestic bullion metals are trading congruently with both Gold and Silver are trading up by 0.28% and 0.26% respectively. The market is likely to negate the expert's expectations that the trend would remain bullish for precious metals. A consolidated trend with slightly positive trend is expected to remain with Gold and Silver commodities.
Technical charts suggests the immediate resistance for Silver near 55350-55500 level while it is facing support at 54850. A breach in either side would decide the trend accordingly. In mcxgold one can go for buy on decline strategy.  


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