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Saturday, July 2, 2011

Gold Tips

MCX Gold Weekly Technical and Fundamental Analysis Report 4 July to 9 July 2011

GOLD MARKET OVERVIEW
COMEX Gold is in a consolidation phase. Last week COMEX Gold was sustaining at lower levels and closed below its 6 week low. In the coming week 1460 $ will act as a major support in COMEX Gold. If COMEX Gold sustains above 1460 $ an ounce then above 1490 $ an ounce it can touch the, level of 1505$ an ounce and if COMEX Gold sustains below 1460$ then it can go slightly down and test the level of 1442$ an ounce.
GOLD STRATEGY 

For the next week traders can use buy on lower level strategy if COMEX Gold sustains below 1460 $ an ounce, then  above 1490$ it can test the level of 1505$ an ounce and above 1525$ it can further move upward. Trade by keeping  the strict stop losses.
Major support for COMEX Gold in the coming week is 1460$ and 1425$.
Major resistance for COMEX Gold in the coming week is 1560$ and 1590$
Major support in MCX Gold is 21500 and 21100
Major resistance in MCX Gold is 22200 and 22500
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Silver Tips

MCX Silver Weekly Analysis Report 4 July to 9 July 2011
MCX Silver Overview
COMEX Silver is technically weak on charts. Last week COMEX Silver was sustaining at lower levels and closed near to its week low. For the upcoming week 3230$ and 3020$ are the crucial supports and 3800$ and 4000$ are crucial resistance in COMEX Silver. In MCX Silver 54000 and 57000 will act as major resistance and 49000 and 47000 will act as major supports.
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MCX Silver STRATEGY
Technically COMEX Silver is weak on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3430$ an ounce, then below 3340$ an ounce it can go down and can test the level of 3250$ an ounce. Trade by keeping the proper stop losses.
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MCX Commodity Weekly Technical and Fundamental Report

 MCX Commodity Weekly Technical and Fundamental Report 


Note:- Here Also Update Soon.
 
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