INTERNATIONAL SPOT GOLD:A recovery was seen yesterday after testing the retracement level of 882$.
Expect a volatile movement within the price band of 950$-882$ for some time being taking any further decisive movement henceforth.
Traders can go long on rise and close above 950$.
Corrective dip to support of 915$-882$ could be used to exit short positions as the opportunity arises.
The situation will arise in next few days to avoid trading as the volatility within the band could be witnessed.
Yesterday rise towards the closing was abnormal therefore the rise could get erased first to an extent before taking any decisive move again.

INTERNATIONAL SPOT SILVER;We were expect the level of 12.40$ to get tested.
Yesterday, we saw an abnormal movement on the downside and equally strong recovery to bring back the situation where it was before the fall.
The 61.8% retracement on the chart was tested which was placed at 11.97$ and the low registered was 11.89$ to close at 12.9$.
Only a rise and close above 13.02$ can take the price up.
Cover short positions on dip to 12.40$-11.97$ range as the opportunity arises

MXC GOLD EXPECTATION:Gold has taken support on the channel line as shown in the chart.
It has also covered the gap which was in the range of 14895-14729.
The low registered yesterday was 14640 and closed at 14795.
The international spot gold price after the MCX exchange closed yesterday night moved up sharply. On the back of the movement on international spot gold movement, we could find price opening higher with a gap. We could see price opening approximately at the L3 or above which is at 15075.
The high registered yesterday on MCX GOLD APRIL was at 15138. The early morning trades could see price movement in the range of 15075-15138.
The falling trend line is placed at 15238.
Traders who are still holding short positions could be in trouble as the opening will be with a gap.
Cover short positions at 14858 or below as the opportunity arises. Fresh downside movement and momentum could only be witnessed on fall and close below 14640.
The bias now could turn up or could move sideways after opening with a gap. Intra-day volatility with be very high.

MCX SILVER EXPECTATION:
A channel breakdown was seen yesterday with volume.
The price range of yesterday that is high and low will be important.
The high and low registered yesterday was 21635 and 20435.
The volume registered were highest of the contract. A close above yesterday high of 21635 could mark a reversal. A falling trend line breakout will confirm a reversal. The trend line value is placed at 22059.
Expect a gap up positive opening in comparison to yesterday close. In the early morning trades, we could find Silver testing L3 which is at 21376. The trend on MCX Silver is still down.
Wait for a rise above 21376 and when it falls below 21376 then sell with high above 21376 as the stop loss.
A close above yesterday high of 21635 and a breakout above the trend line will take the Silver price back up to test the peak range of 22800-23885.
Similarly, any sustained fall below yesterday low and a close below it can take the prices crashing down to 18000 price level.
Therefore, next couple of trading days will play an important role as to decide the further course of price action. As significant change of price action could be seEN