Gold prices continued to fall on Ben Bernanke's comments that Fed is likely to slow the pace of the central bank's bond purchases later this year and bring them to a halt around mid-2014. CME has increased the margin requirements by 25% on gold trading after prices fell to the lowest since September 2010. Gold prices will continue to remain downside on stimulus withdrawal concerns and outflows from gold exchange traded funds. However short covering can keep prices in range for the day. Over all, MCX Gold August future is in consolidation and also sustaining around lower levels for entire week. So for the coming week 26150/25750 will act as a major support whereas 27016/27450 will act as a major resistance level in MCX Gold August future. For the next week trader can go for sell on higher level strategy, if MCX Gold August future sustain below the levels of 26555 then it could test the levels 26382/ 26150.

MCX Silver is also in bearish trend and sustaining around lower levels. For the coming week 44100/45800 will act as major resistance levels where as 41000/39300 will act as major support in MCX Silver July futures. Last week MCX Silver July futures was sustain around lower levels. For the next week traders can use sell on higher level strategy, if Silver July futures sustains below 42682 then it could test the levels of 41300/ 39500.

Crude prices were down as Fed's indication to taper its bond buying program this year continued to put pressure on prices. Contraction in China's factory activity which is at a nine month low further added to the downside in prices. We expect Crude oil prices to go down as lower demand concerns from China and a stronger dollar are likely to weigh on prices. So for the coming week 5564/5450 will act as major supports levels whereas 5714/5838 will act as major resistance in MCX Crude oil July futures.  For the next week, trader can go for sell on higher level strategy, if MCX Crude July future sustain below 5629 levels then it could test the levels 5580/5510.

Base Metals are expected to move down on weak Chinese demand and a stronger dollar. China's two shortest-term interest rates hit record highs on Thursday, as the central bank again ignored market pressure to inject funds into the market, worsening the liquidity crunch faced by China. Trend of MCX Copper future is consolidate and also sustaining around lower levels. So, for the coming week, it could face major resistance of 410.35/ 421.45 whereas 386.60/ 373.30 could be a major support in MCX Copper. For the next week trader may go for sell on higher levels, if MCX Copper future sustain below 400 levels then it could test the level of 392.60/ 386.60.