Monday, November 26, 2012

MCX GOLD SILVER TIPS AND TREND

MCX Gold (December) opened at 31666 and Gold continued to rally higher for week and expected to reach level of 32321 and closed near high at 32290 last week. GOLD TREND.  Experts believes that this week MCX Gold prices are expected to find support at 32000 levels and to the next strong support is expected at 31600. Resistance level is expected in the range of 32450 and 32500 and Gold is expected to trade high and can reach resistance levels at 33800 and then to 33000.

MCX Gold Levels for this week

Trend is expected to be upwards
S1-32000, R1- 32450, S2-31600, R2-32800

MCX GOLD TIPS (Week)

Buy MCX Gold December between 32000 and 32050 with stop loss of 31690 with target to be expected around 32500 and 32550.
MCX Silver (December) opened at 61020 and continued to higher rally making high of 63633 and closed near high at 63450 last week. SILVER TREND. Experts believes that this week MCX Silver is expected to find support at 61550 levels and further below strong support is seen at 60000. If Silver trading below 60000 can take prices lower to 59500 and major support is seen at 57400. Resistance levels are expected to seen at 65000 and trading above 65000 would take Silver prices towards strong resistance at 67000 and major resistance at 65750.

MCX Silver Levels for this week

Trend is expected to be upwards
S1-61550, R1-65000, S2- 60000, R2-67000

MCX SILVER TIPS (Week)


Buy MCX Silver December between 61900 and 62000 with stop loss of 60700 and target of 63800 and 64200.

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