MCX Precious Metals Fundamental Report 30 May To 4 June
GREEK DEBT, WEAK DOLLAR SEND GOLD TO 3-WEEK PEAK
Gold prices stayed near three-week highs late into Friday's session, as
worries about Greece's debt crisis encouraged buying by investors
looking for relative safety and a softer dollar underpinned sentiment.
Spot Gold hit $1,538.10 a troy ounce, its highest since May 4. It
remained close to that peak at $1,535.60. Read More Click Here
worries about Greece's debt crisis encouraged buying by investors
looking for relative safety and a softer dollar underpinned sentiment.
Spot Gold hit $1,538.10 a troy ounce, its highest since May 4. It
remained close to that peak at $1,535.60. Read More Click Here
MARKET OVERVIEW For Gold
COMEX Gold is in an upward phase. Last week
COMEX Gold sustain above 1520$ and made a
close near to its week high. In the coming week
1475$ will act as a major support in COMEX Gold, if
COMEX Gold sustains above 1530 $ an ounce
then above 1540 $ an ounce it can touch the level of
1552$ an ounce and if COMEX Gold sustains
below 1500$ then it can slightly correct and test the
level of 1485$ an ounce
STRATEGY STRATEGY MCX Gold and Silver Technical Views>> Click Here
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1530 $ an ounce, then Technically COMEX Silver is bullish on charts and still in an upward channel, For the next week traders can use buy on
above 1540$ it can test the level of 1552 $ an ounce and above 1555$ it can further move upward. Trade by keeping lower level strategy if Silver sustains above the level of 3600$ an ounce, then above 3900$ an ounce it can further go
the strict stop losses. upward and can test the level of 4000$ an ounce. Trade by keeping the proper stop losses.
Major support for COMEX Gold in the coming week is 1500$ and 1460$.
Major resistance for COMEX Gold in the coming week is 1580$ and 1625$
Major support in MCX Gold is 22150 and 21800
Major resistance in MCX Gold is 22850 and 23050
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1530 $ an ounce, then Technically COMEX Silver is bullish on charts and still in an upward channel, For the next week traders can use buy on
above 1540$ it can test the level of 1552 $ an ounce and above 1555$ it can further move upward. Trade by keeping lower level strategy if Silver sustains above the level of 3600$ an ounce, then above 3900$ an ounce it can further go
the strict stop losses. upward and can test the level of 4000$ an ounce. Trade by keeping the proper stop losses.
Major support for COMEX Gold in the coming week is 1500$ and 1460$.
Major resistance for COMEX Gold in the coming week is 1580$ and 1625$
Major support in MCX Gold is 22150 and 21800
Major resistance in MCX Gold is 22850 and 23050
MARKET OVERVIEW For Silver
COMEX Silver is technically consolidating on
charts. Last week COMEX Silver was sustaining at
higher levels for most part of the week. For the
upcoming week 3620$ and 3480$ are the crucial
supports and 4000$ and 4250 $ are crucial
resistance in COMEX Silver. In MCX Silver 61000
and 64000 will act as major resistance and 55000
and 53000 will act as major supports.
COMEX Silver is technically consolidating on
charts. Last week COMEX Silver was sustaining at
higher levels for most part of the week. For the
upcoming week 3620$ and 3480$ are the crucial
supports and 4000$ and 4250 $ are crucial
resistance in COMEX Silver. In MCX Silver 61000
and 64000 will act as major resistance and 55000
and 53000 will act as major supports.
STRATEGY STRATEGY
Technically COMEX Silver is bullish on charts and still in an upward channel, For the next week traders can use buy on
lower level strategy if Silver sustains above the level of 3600$ an ounce, then above 3900$ an ounce it can further go
upward and can test the level of 4000$ an ounce. Trade by keeping the proper stop losses.
MCX FREE Basemetals(Copper,Zink,Nickel) and Crude oil , Natural Gas Weekly report Click Here
Technically COMEX Silver is bullish on charts and still in an upward channel, For the next week traders can use buy on
lower level strategy if Silver sustains above the level of 3600$ an ounce, then above 3900$ an ounce it can further go
upward and can test the level of 4000$ an ounce. Trade by keeping the proper stop losses.
MCX FREE Basemetals(Copper,Zink,Nickel) and Crude oil , Natural Gas Weekly report Click Here
