June 22, 2011

MCX Live Online rates and Charts For Today 22 June

The MCX live market gold prices have been challenging the crucial resistance band of 22560 - 610 levels, to hold initially for a corrective move lower, but a break of the same is favored late into the session towards  22690/800 levels. Even though, unpredicted sell off below 22430 could strengthen weak momentum and pull prices lower towards  22250 or more later. Gold prices rose on Tuesday  due to Greek debt default and contagion to other euro zone countries sought safety while a softer dollar also helped. 
R3 22800/23050
R2 22640/22690
R1 22560-610
Pivot 22530
S1 22430/370/300
S2 22250/22140
S3 22080/21950
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