Right this moment, technically we anticipate the MCX Gold June worth to look optimistic for intraday. Yesterday, It has taken sturdy help at a 50-day easy transferring common and from there it bounced again. On an hourly chart recommend that MCX June Gold contract worth might be going to face sturdy resistance on the down channel line which comes round 47,350 ranges roughly and breaking above which worth will march in direction of 47,750 to 48,000 ranges within the coming buying and selling session. On the draw back, it would take instant help at a niche (47,090) after that 46,800 will act as sturdy help. MCX July SILVER costs are wanting optimistic for intraday. On an hourly chart, the RSI momentum indicator moved up from the oversold space to the optimistic zone and it’ll present additional energy to the silver costs. nevertheless, we anticipate, Worth will going to face a robust resistance zone at 70,450 ranges. Breaking above which worth can head in direction of 71,500 to 72,500 within the coming buying and selling periods. on the draw back, Hole will act as sturdy help ranges (69,000) roughly. NS Ramaswamy, Head of Commodities, Ventura Securities Ltd