March 14, 2012

Intraday Tips on MCX Gold Silver

MCX Gold Silver both the bullion metals are in a downtrend and trend head for possibly downward trend in the coming trading session and the expected support for gold is at 27822 / 27750 or even lower towards 27600 levels. Anyhow trade above 28070 region may wipe out our bearish expectation and find resistance at 28200/ 28290 or more towards 28430 levels.

MCX Silver is also trading in a downtrend but the trend for silver gains higher to find resistance near 58900 for a fall towards 58100 initially, but which if cleared could drag down prices till 57700 / 57100 which we favor for the day.
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