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Tuesday, February 5, 2013

MCX Bullion Tips-Gold Silver Trend

GOLD closed @ 30293.00 and we recommend Sell for LONG-TERM with STOPLOSS of 30553.09 and Sell for SHORT-TERM with STOPLOSS of 30826.31.
Important trading levels for Gold would react on following  support resistance levels:
Resistance2 - 30606.33, Resistance1 -30477.21
Pivote    30211.67
Support1 - 30108.79 Support2 - 29979.67

SILVER closed @ 58418.00 and we recommend Buy for LONG-TERM with STOPLOSS of 58000.33 and Strong Sell for SHORT-TERM with STOPLOSS of 59441.65. Important trading levels for Gold would react on following  support resistance levels:
Resistance2 - 59114.18 Resistance1 - 58827.3
Pivote    58329.67
Support1 - 58008.71 Support2 - 57721.82

Monday, January 28, 2013

MCX Gold & Silver Trading Tips

In the international market gold - silver is expected to go up. On Comex gold is trading with good gains. MCX has seen a slowdown in gold and silver. In international commodity market, silver with a gain of 0.25 per cent is trading around $ 31 per ounce.
MCX Gold (February futures) : Buy 30 250 stoploss - 30 150 Target - 30 400
Silver (March futures) : Buy 58 000 stoploss - 57 800 Target - 58 600
 
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