MCX Tips For 13 July and MCX Live

The Gold prices showed its best from few sessions and after posting attractive gains in the past few sessions, the trend seems exhausted and require a dip lower before the next swing higher. The Gold MCX new swing will be at 22300/200 are may be the points for new swing. An unexpected close below 22200 may cause doubts on our view and drag prices lower later. The Ime base metals dropped today, as a stronger dollar and mounting worries that the euro zone debt crisis was spreading to core economies like Italy offset the impact of a supply disruption in Indonesia and Chile. Crude oil MCX fell sharply in tomorrows trading sessions fears that politicians would be powerless to stop the debt crisis in Europe spreading to Italy and Spain, reinforcing fears about the outlook for the global economy.


GOLD MCX (AUG)
Trend : Consolidate
Near term: Showing uptrend
R3  22900/23100 
R2  22722/792
R1  22602/681 
Pivot 22552 
S1  22480/400/350
S2  22240/180/050
S3  21920/650


SILVER MCX (AUG)
Trend: Downward
Near term: Consolidate
R3  58807/60502 
R2  56701/57201 
R1  54100/55250/900
Pivot 53353 
S1  52703/51601 
S2  50902/49510 
S3  47006/45001