MCX
Gold December opened at 31,024 levels last week and moved
marginally higher and found good resistance at 31,159 levels and
later MCX Gold prices breaking both the supports towards 30,366
levels and finally closed lower.(GOLD TIPS AND TREND). Experts
believes that this week MCX Gold prices are going to find support at
30,180 and 30,150 levels and trading consistently below 30,140 levels
would lead to sharp correction towards 30,080 and then 29,880 and
finally major support at 29,635 levels.
Resistance
can be observed in range of 30,670 and 30,700 levels and after that
strong resistance is sen at 30980 and 31000 levels.
MCX
Silver December last week opened at 59,650 levels and initially
took good moved but found resistance at 60,333 levels. (SILVER TIPS
AND TREND). Experts believes that this week MCX Silver is going to
find support in range of 56,620 and 56,570 levels and resistance is
observed in range of 58,450 and 58,500 levels. Trading consistently
above 58,500 levels would lead towards strong resistance at 59,924
levels and then major resistance at 61,400 levels.
MCX GOLD LEVELS FOR THIS WEEK
S1-30,180,
R1-30,670, S2-29,880, R2-31,000
MCX SILVER LEVELS FOR THIS WEEK
S1-56,620,
R1-58,450, S2-55,500, R2-59,500
MCX Gold Tips for Week -
Buy
MCX Gold December between 30,080-30,060, SL-29,870, Target
-30,470/30,650.
MCX Silver Tips for Week -
Sell
MCX Silver December between 58,400-58,500, SL-59,501, Target
-56,700/56,200.
