After the eve of Diwali it is expected to see the Mcx Gold and Mcx Silver to move further up after good buying on the auspicious occasion. Mcx Gold and Mcx silver already showed what they can do when the market is good as was seen before.

Mcx Gold Today (dec) – Mcx Gold august contract which will expire on 5th Dec 2011.gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:

Resistance: R1-27650 R2-26950
Supports: S1-27450 S2-27100

Mcx Silver Today (Sep) – Mcx Silver closed at 57373.00 .silver traded in huge volatility. Expected resistance and support level for today trade are as follows.

Resistance: R1-57850 R2-58200
Supports: S1-56950 S2-56500 Commodity Help