Gold prices were pressured over stronger than expected growth in US manufacturing sector which hurt gold's safe haven appeal. A stronger dollar after the ECB and BOE kept interest rates unchanged and ECB's assurance to keep rates low in the near future also pushed gold prices down.  Gold prices internationally are expected to go down as continued outflows from ETF's and caution ahead of US payroll numbers can keep prices in check.

A stronger rupee in India can further hurt gold prices. Over all, MCX Gold August future is consolidate and sustaining in a range for the entire week. So for the coming week 26735/26355 will act as a major support whereas 27800/28300 will act as a major resistance level in MCX Gold August future. For the next week in MCX Gold, trader can use sell on higher level strategy, if MCX Gold August future sustain below the levels of 27150 then it could test the levels 27000 /26735.

MCX Silver is also in consolidation and sustaining around lower levels. So, for the coming week 42300/44500 will act as major resistance levels where as 37500/35000. will act as major support in MCX Silver September futures. Last week MCX Silver September futures was sustaining around lower levels. For the next week traders can use  sell on higher level strategy, if MCX Silver September futures sustains below 40450 then it could test the levels of 39365/ 37500.

U. S. crude oil futures settled up 2.72% at $107.89 per barrel. Front-month Brent futures was up by 1.71% to settle at $109.54 a barrel. Crude prices rose as positive US and Chinese data on manufacturing growth and lower US unemployment claims improved the demand prospects and supported prices. . Crude oil prices are expected to go up as concerns over supplies after OPEC output hits a four month low and prospects of stronger demand can support prices. So, for the coming week 6400/6200 will act as major supports levels whereas 6800/7000 will act as major resistance in MCX Crude oil August futures.  For the next week, trader can go for buy on lower level strategy, if MCX Crude August future sustain above 6637 levels then it could test the levels 6700/6790.

Copper prices were supported by upbeat manufacturing data from US, China as well as Euro zone, all of which beat expectations. US manufacturing growth touched a two year high in July and unemployment claims fell to a 5-1/2 year low which pushed copper prices higher. Trend of MCX Copper future is consolidate and also sustaining around higher levels. So, for the coming week, it could face major resistance of 445/ 460 whereas 422/ 408 could be a major support in MCX Copper. For the next week trader may go for buy on lower levels, if MCX Copper future sustain above 432.30 levels then it could test the level of 437/ 444 levels.