MCX gold saw a drop of 0.38% on Tuesday and finally settled at Rs 30201 while silver slipped 0.84% to close at 54461.
Today, Comex gold tarted off the day with slight decline while silver is trading with slight edge. silver can be a preferable pick for trading in MCX.
MCXsilver is currently trading near 54450 level. For an intra-day trade, one can buy Silver above 54750 for the targets of 55000-55200 level. But if it breaches the support level of 54150, it may extend yesterday's losses.
On the other hand, Gold is trading at around Rs. 30250. One can Buy MCX Gold above 30250 for the targets of 30350-30400. While below the level of 30150, Traders can go for sell.
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