June 24, 2011

MCX Free Tips for Today 24 June | MCX Live Rates for 24 June

Bullion metals reported a broke of four-day rally today afterthe Federal Reserve acknowledged U.S. growth was slowing but gave no hint that it needed to provide additional economic stimulus, which bolstered the dollar. Gold price futures eased slightly on Thursday. Gold price for August delivery fell $5.60, to $1,537.80 an ounce at the trading session on the Comex division. MCX Gold future price for August contract is currently trading at `22701, it is trading flat for the day. Silver for July delivery is trading marginally lower at $36.27 an ounce, it is down by 49 cents for the day. MCX Silver July is trading at `54200, it is down by `438 for the day.

Technical Levels 
R3  22800/23050 
R2  22640/22690 
R1  22500/560-610
Pivot 22510 
S1  22430/370/300
S2  22250/22140 
S3  22080/21950
TREND: Negative
Near Term: Consolidate

Technical Levels 
R3  59500/60150 
R2  56300/58000 
R1  54500/800/55700
Pivot 54100 
S1  53100/52500 
S2  52000/500/200 
S3  49500/49000
TREND: Negative
Near Term: Consolidate.
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