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Wednesday, October 10, 2012

MCX Gold Silver Technical Analysis & Profit Making Techniques

Spot gold declined to the lowest in more than a week against the stronger dollar. Precious metals are trading marginally higher on COMEX today. We expect prices to trade higher for the day. Gold prices are  expected to trade positive and to trade higher.
Gold Dec Sup3-30040 Sup2-31150 Sup1-31280 Res1-31360 Res2-31450 Res3-31540

Silver futures prices also fell at the International commodity market on the back of weak Asian equities. Euro is likely to remain on down trend. Silver is likely to stay weak for the day. It is recommendeed to stay short for the day from higher levels.
Silver Dec Sup3-60650 Sup2-61000 Sup1-61400 Res1-61800 Res2-62250 Res3-62650

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