MCX Gold prices have given a breakout from the range of 27300 to 27800 and as gold is trading positively it is advised to buy and prices are expected to go up to levels of 28000 levels. MCX Silver prices has also given breached its crucial resistance of 56300 and is advised to buy gold. We expect prices to go up to levels of 57500.
MCX Gold (Feb) Buy around 27800 stop loss placed below 27600 levels for targets of 28200
levels.