MCX Gold suggest that prices have reversed after taking support at 27800 levels. MCX Gold is in a buy mode. We expect prices to go up to levels of 28100 while mcx silver suggest that prices have breached the crucial support of 57000 and silver is advised to sell we expect prices to correct up to levels of 55800.
MCX Crude Oil suggest that prices have reversed after taking resistance at 5475. We expect prices to correct up to levels of 5400. Buying gold will be good as for now gold is supported with good volume. Selling silver will be good as silver is expected to go down.
MCX Calls Gold Silver Crude for 22 March:
Buy around 27850 levels with a stop loss placed below 27700 levels for targets of 28100 levels.
Sell around 56500 levels with a stop loss placed above 57000 levels for targets of 55800 levels.