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Monday, October 15, 2012

MCX/Spot Gold Silver Trading Tips And Support Resistance Levels

For this week, MCX Gold is showing downtrend. Gold is likely to find Support at 30900 - 31000 levels. Resistance range is expected to be between 31550-31600 levels.
Gold (MCX & Spot) Trading levels for the week 
Sup1-31000 / $ 1735  Res1- 31600 / $ 1770 
Sup2-30500 / $ 1710  Res2-31840 / $ 1785 
Gold Trading Tips: Sell MCX GOLD December between 31500-31550 with Stop Loss- 31800 for Targets - 31100 / 31000

For this week MCX Silver is also in downtrend. Silver may find support around 60000 levels. Resistance is expectec in the range 62800-62900.
Silver (MCX & Spot) Trading levels for the week 
Sup1-60000 / $ 32.75  Res1-62900 / $ 34.40 
Sup2- 59500 / $ 32.50   Res2-63500 / $ 34.70 
Silver Trading Tips:  Sell MCX Silver December between 61800-61900 with Stop Loss-62500 for Targets -60750 / 60550

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