January 15, 2012

MCX Gold Silver Weekly Prediction

MCX Gold (Feb) moved higher, but found resistance at 27816 levels and prices corrected towards 27390 levels and finally closed lower from the previous weeks closing levels. MCX Silver March as seen in the weekly chart above has rallied sharply breaking both the resistances, but finally found strong resistance at 53400 levels and prices corrected sharply towards 51871 levels and finally closed at higher levels. MCX bullion gold silver are trading in a downtrend though both bullion metals traded in green on Saturday trading session and is advised to sell in the upcoming week.
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