Last week Gold Silver traded in a range with a positive bias. The positive trend can continue next week too.
Price action suggests bulls have a solid grip in both Gold and Silver. And soon, both precious metals can show higher levels in the coming days.
Crude Oil levels worked fine last week. Next week 5540-5530 price zone will play an important role. On the upside, the 5723-5750 price zone is decisive—the resistance coming from larger time frames.
Gold Weekly Gann Levels
Next week, 07 & 09 July, are Gann reversal dates for MCX Gold.
Resistance is at 47450 levels; above that, Gold can move towards 47600/47900/48400.
Support is at 47010 levels; below that, MCX Gold can move towards 46850/46550/46050.
Silver Weekly Gann Levels
Next week, 05 & 07 July, are the Gann reversal dates for MCX Silver.
Resistance is at 69500 levels; above that, SilverSilver can move towards 69900/70600/71500.
Support is at 68300 levels; below that, MCX Silver can move towards 67900/67300/66400.
Crude Oil Weekly Gann Levels
Next week, 07 & 09 July, Gann reversal dates for Crude Oil.
Resistance is at 5650 levels; above that, Crude Oil can move towards 5700/5760/5830.
Support is at 5530 levels; below that, MCX Crude Oil can move towards 5480/5420/5340.
Note: The above levels are only for study. Not a Buy/Sell advice.
