𝗚𝗼𝗹𝗱 𝗔𝗻𝗱 𝗦𝗶𝗹𝘃𝗲𝗿 𝗠𝗖𝗫 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 𝗧𝘂𝗿𝗻𝘀 𝗕𝗲𝗮𝗿𝗶𝘀𝗵 𝗙𝗼𝗿 𝗝𝘂𝗻𝗲 𝟭𝟭, 𝟮𝟬𝟮𝟲

𝗚𝗼𝗹𝗱 𝗔𝗻𝗱 𝗦𝗶𝗹𝘃𝗲𝗿 𝗠𝗖𝗫 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 𝗧𝘂𝗿𝗻𝘀 𝗕𝗲𝗮𝗿𝗶𝘀𝗵 𝗙𝗼𝗿 𝗝𝘂𝗻𝗲 𝟭𝟭, 𝟮𝟬𝟮𝟲

MCX Gold and Silver show bearish technical structures on June 11. Abhilash Koikkara from Nuvama Professional Clients Group shared the outlook.

MCX Gold opened with a gap down. Weak sentiment drives selling pressure. Lower highs and lower lows confirm the downtrend.

The 152,000 level acts as strong resistance. Pullbacks toward this zone attract fresh selling. Koikkara sets the downside target at 140,000. The stop loss sits at 157,000. A sustained move above 157,000 invalidates the bearish view.

• CMP: 149,130
• Target: 140,000
• Stop Loss: 157,000

Global cues, dollar moves, central bank signals, and geopolitical news shape gold volatility. Traders watch these inputs.

MCX Silver holds a cautious to negative bias. Recent upward moves faced resistance.

The 240,000 level stands as key resistance. Rallies toward this zone attract fresh selling. Koikkara sets the downside target at 225,000. The stop loss sits at 249,000. A sustained move above 249,000 invalidates the bearish stance.

• CMP: 234,000
• Target: 225,000
• Stop Loss: 249,000

Global precious metals markets, US dollar trends, interest rate expectations, and industrial demand drive silver prices.

Source: The Times of India