March 21, 2012

Gold Silver Tips Trend for Today

MCX Gold is trading in sideways trend with positive cues and prices witnessed a bounce back from the support at 27700 - 27750, as long as prices are holding above 27700 on closing basis prices are expected to trade positive. MCX silver prices have broken the important support at 57000 on closing basis, which seems to be negative for the white metal. One should sell on rise around 56800-57000. We recommend to exit long position. MCX Copper prices are hold the support. MCX Nickel prices are expected to trade within the range from 940-980, one should trade within the range buy on dips and sell on rise.

MCX Gold silver is trading with positive cues and is advise to buy gold silver.
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