The day started with a slight fall in Gold while Silver has climbed up sharply. MCX Gold (Feb Futures) is trading near 27500 while silver with a gain of nearly 1.4%, is trading around 52500 level. Comex gold is trading higher so we can expect prices in MCX to raise during evening trades. So traders can buy gold above 27530 for targets of 27600-27700-750. Silver may take a rally towards 53200-53500 above 52750.
Showing posts with label Tips on Gold. Show all posts
Showing posts with label Tips on Gold. Show all posts
Tuesday, January 10, 2012
Thursday, December 15, 2011
Bullion Updates and MCX Gold and Silver Trading Tips for Today
A massive decline has been seen in precious metals. Silver with nearly 1.5% decline, trading near 53500 and a consistent trade below the same would bring more downside in MCX Silver. While MCX gold has lost nearly 1% and moved below 28000 level. On Comex also, Gold has been dropped to $1570 level. We would suggest days traders to take their positions cautiously.
Buy Gold only above 28200 while sell below 27850. you can sell silver below 53150 while above 53800 go for buy.
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