Global Commodity Market outlook For Gold and Silver

Due to Global news Gold Prices may touch $2000 an ounce. The European central Bank wll have to create more money to assist the debt burden in Europe, and that will be good for
gold," said Standard Bank analyst .Gold should therefore continue to profit from the persisting high uncertainty," said Commerzbank in a note.   
The euro was slightly higher on the day, changing hands at $1.3641 and staying above a one-month low of $1.3484 touched on Thursday. For the week, the euro is still down about 1.5 percent.

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MCX Bullion Market Analysis and Tips for Today

Gold trading is slow today. While silver is a declining trend. International market is trading strongly with the gold, the silver has been in decline.  on COMEX  gold trading at 1,764 dollars per ounce with up 0.3 percent.
on the COMEX Silver is trading under $ 34 with down of  0.5 percent . on MCX gold is trading at about Rs 28 660 the weakness of 0.15 percent . on MCX Silver is trading at Rs 56 800 0.5 percent fall.
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MCX Commodity Tips :- Gold Silver Support and Resistance For Today

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GOLD (DEC)                               SILVER (DEC)

TREND	Bullish
RESISTANCE 2	29200
RESISTANCE 1	28950
SUPPORT 1	28300
SUPPORT 2	27980
STRATEGY	Buy on lower levels

TREND	Consolidate
RESISTANCE 2	60500
RESISTANCE 1	58400
SUPPORT 1	55300
SUPPORT 2	54100
STRATEGY	Buy on lower levels

Yesterday's highlights | MCX Gold Silver Strategy For Today

GOLD TRIMS LOSSES ON ITALY NEW GOVERNMENT HOPES.
CRUDE RISES NEAR THREE-MONTH HIGH ON EUROPE SENTIMENT, U.S. INVENTORIES.
COPPER FALLS ON ITALIAN DEBT WORRIES, DOLLAR.
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MCX Commodity Tips:- Gold Silver Trading Strategy and Call

The Gold is in perfect uptrend .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold Cautious point is buying at higher levels seems decreasing.
Support for the Gold is 27880-27700-27260-27075-26990-26235-.Resistance for Gold is 29240

MCX Commodity Live News :- Silver and Gold Trading Tips Intraday 

MCX Gold Silver Technical Report For Today

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 56545 Very Short term investor please cautious on Silver as it is moving with low volatility The Silver is now trading in highly overbought level.
Gold closed above 1 week high on Tuesday with volume signals up breakout.Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28108 The Gold is now trading in highly overbought level.
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MCX Technical News Report and Support Resisistance For Today

GOLD STEADIES, ITALY'S DEBT WORRIES LINGER.
CRUDE OIL DECLINES ON CONCERN ITALY’S TURMOIL MAY DERAIL EUROPEAN ECONOMY.
COPPER UP ON CHINA DATA, ERASES GAINS ON BERLUSCONI'S EXIT PLEDGE.
DOMESTIC OIL AND OILSEED TRADE STEADY.
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MCX Gold Trading Live News and Strategy For Today

Gold futures in India, the world's top consumer, extended the previous session's gains on Wednesday evening to hit a record high of 29,095 ($579.6) rupees on the wings of a firm world market and boosted by a weak rupee at home.
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