Gold prices are expected to remain sideways to bearish
as the 10 period MA slope has turned down and MACD is in
the positive zone. Comex prices are having key resistance
at $1600 and support at $1550 for the day (June). At MCX
prices are having resistance at 29600 and support at 29000
for the day for June contract.
Silver-prices at Comex are likely to remain sideways as
the 10 period MA slope is flat, MACD is in positive territory
and RSI is pointing up. Comex silver prices are having
resistance at $28.85 and support at $28 for May contract. At
MCX prices are having resistance at 54800 and support at
53800 and break below this will likely take prices down
towards 53000
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