Gold prices moved steady in this week, the prices were supported by the stronger Euro news the European Central Bank held off from loosening policy, where as better than expected U. S. jobless claims capped the prices of the metal.

There are sentiments in the market that harsh winter weather may  press economic indicators and no decrease  in demand have given the dollar some support and softened gold.

Over all, MCX Gold April future is in consolidation and sustaining in range. For the coming week 28600/28320 will act as a major support whereas 29070/29300 will act as a major resistance levels. For the next week in MCX Gold, trader can use sell on higher level strategy, if MCX Gold April future sustain below the levels of 29000 then it could test the levels 28550 /28300.

Technically, MCX Silver March futures is consolidate and sustaining around lower levels. For the coming week 45650/47300 will act as major resistance levels where as 43600/42700 will act as major support in MCX Silver March futures. For the next week in MCX Silver futures, traders can use sell on higher level strategy, if MCX Silver March futures sustains below 45100 then it could test the levels of 43800/ 42900.