June 07, 2011

MCX Gold Prices, Gold Tips and Silver Prices Commodity Outlook Daily 07 June

The gold prices are seen trading at $1541.30, down by $2.80. The report for gold price in regards of Asian stocks reserved of Gold fell for the third consecutive day leading the MCX and other Asian index to drop by 0.3%. The Currency reports for the export earnings and before reports today and tomorrow that may show a US index of optimism fell in June and German exports declined in April.
GOLD Technical Analysis:
The Trend for gold price at MCX is Consolidate and strategy is to buy Gold on dips
RESISTANCE: R2 -23080 R1 -22890
SUPPORT: S1 - 22610 S2 - 22350

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