MCX Gold and Silver Technical Report and Call for today 29 Aug 2011

On MCX, The sharp decline in gold prices have tumbled more than Rs 500. The silver is also trading strongly on the decline. Copper is also under pressure to show profit. Gold slipped more than 500 is trading around 27,000 rupees per kg.both precious metals trading in down edge currently silver is trading below 62,000 on MCX.
MCX Bullion Tips for the day not make any new buy position both commodities will trade in down word in couple of days.
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MCX Bullion Weekly Techncal report 29 Aug To 3 Sep 2011

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MARKET OVERVIEW
COMEX Gold is in an upward phase. Last week COMEX Gold was down for most part of the weekand on last two days it bounced back and was able to made a weekly close above 1800$ an ounce. In the coming week 1700$ will act as a major support in COMEX Gold. If COMEX Gold sustains above 1765$ an ounce then above 1835$ an ounce it can touch the level of 1855/1875$ an ounce and if COMEX Gold sustains below 1750$ then it can go slightly down and test the level of 1730/1705$ an ounce.
STRATEGY
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1800 $ an ounce, then above 1835$ it can test the level of 1855/1875$ an ounce and above 1920$ it can further move upward. And in MCX Gold above 28000 it can test the level of 28400.Trade by keeping the strict stop losses. Major support for COMEX Gold in the coming week is 1680$ and 1640$. Major resistance for COMEX Gold in the coming week is 1920$ and 1950$
Major support in MCX Gold is 25500 and 24700
Major resistance in MCX Gold is 28400 and 28900
Silver Technical Analysis Report
MARKET OVERVIEW
COMEX Silver is in an upward consolidation phase. Last week COMEX Silver closed near to its week high. For the upcoming week 3900 $ and 3700$ are the crucial supports and 4400$ and
4500$ are crucial resistance in COMEX Silver. In MCX Silver 68000 and 70000 will act as major resistance and 58500 and 57000 will act as major supports.
STRATEGY
Technically COMEX Silver is bullish on charts. For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3950$ an ounce, then above 4150$ COMEX Silver can test the level of 4220/4290an ounce and above 4350$ it can move further upwards and test the level of 4420/4460$ an ounce. And in MCX Silver sustains above 60800 above it can test the level of 65000/66000/67000 and above 67800 it can test the level of 69000/70500. Trade by keeping the proper stop losses.

MCX Commodity Weekly Technical Report 29 Aug To 3 Sep 2011

MCX Commodity- Bullion , Energy and Agri Commodities weekly Report 

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MCX Commodity News- Gold, Silver and Crude oil Tips and Report For Today 27 Aug 2011

Gold rose on Friday after the Federal Reserve chairman said it was critical to reduce U.S. unemployment, which encouraged some safe-haven bullion buying after days of liquidation pushed gold down sharply from record highs this week.

Gold fell briefly after Fed Chairman Ben Bernanke did not provide details on steps the Fed could take. But bullion rose as investors focused on the Fed's pessimistic economic outlook and focus on spurring economic growth.

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MCX goold and Silver Tips and Technical report Today 26 Aug 2011

My Technical report says that On MCX gold price will not be sustainable it will be volatile but Now gold has perfect upper trend it will gone up again benchmarking levels after staying Gold come back on around 25000  levels.

Silver prices seeming declining in couple of days. the silver prices touched higher levels but now silver will take time for 70000 levels.

MCX Gold, Silver and Crude Oil Trading Tips and Technical Report Today 26 Aug 2011

MCX Gold COMEX back again in form after two days declining. GOLD on COMEX $ 1,790 with 1% up and On MCX trading at 26800.

MCX Crude oil trading in declining phase today .5 % down on NYMEX and trading $ 85 per barrel. On MCX Crude oil is trading at 3930.

Agri Commodity in today,s  Guar massive volatility concern about the cultivation of guar.
MCX Commodity technical Report and Call 

MCX Gold, Silver , Crude oil and Copper Market Live News and Call for Today 26 Aug

Gold is seen in today's fast. During the last two days of trading in gold was a huge decline. MCX gold with a 1 per cent is trading above 26 thousand bucks. U.S. Federal Reserve's meeting this evening in the relief package (Qi 3) can be declared, which is to move upwards within the bed.

Silver remains in a pressure situation today. In silver on MCX is trading at Rs 61 725. Declining trend in crude oil is today. Msiaks with slight decline in crude oil is trading close to Rs 4,000. NYMEX there is also decline in crude oil

Rise in base metals has subsided today. In all base metals including copper fall on MCX is trading at. Zinc has the highest 1 percent decline.

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MCX Commodity Call- Gold , Silver and Crude Oil Tips for Today

MCX Gold and Silver technical Report 

GOLD (OCT)             SILVER (SEP)

TREND	Bullish
RESISTANCE 2	27050
RESISTANCE 1	26750
SUPPORT 1	26050
SUPPORT 2	25650
STRATEGY	Buy on dips

TREND	Bullish
RESISTANCE 2	65200
RESISTANCE 1	63800
SUPPORT 1	59900
SUPPORT 2	58400
STRATEGY	Buy on dips