October 17, 2011

MCX Live Prices Support

MCX Live Support Levels for Gold, Silver for Today 17 October.

MCX Live prices for Gold MCX have been trading  in range bound (26480- 26840). But the expected bullishness can be maintain major only above 27000 region. Conversely intraday weakness only below 26600 towards 26540/26480 region. Voluminous break below 26480 region would trigger fresh selling to 26370/26250. 

In MCX Silver a choppy trading session is expected as long as prices trade with in the range of 54500-52500 levels. However, an unexpected sell off below 52500 may be a sign of weakness and likely to target towards 50200 later

MCX Live Support Levels for Gold and Silver for Evening session: 

MCX Gold Support  Pivot 26680 

R2 - 26900 R1 - 26785

S1 - 26600 S2 - 26480

MCX Silver Support Pivot  53350 

R2 - 56200  R1 - 54500

S1 - 52500 S2 - 51100
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