Mcx Gold and Mcx silver gave a very bad trend and moved down after the data revealed in USA. Silver gave almost a dip of 2% and gold too moved slightly. Gold is showing some good support at 26700 but no clues for silver.

Mcx GOLD (dec) – Mcx gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:

RESISTANCE: R1-26950 R2-27150
SUPPORTS: S1-26700 S2-26350

Mcx SILVER (Sep) – Mcx Silver closed at 52914.silver traded in bullish mood with heavy intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE: R1-53500 R2-53950
SUPPORTS: S1-52500 S2-52150