March 10, 2012

MCX Commodity GOLD SILVER 12 March to 16 March

MCX Gold (April) found support at 27580 levels. For the next week we expect gold prices to find resistance at 28200-28240 levels and further above strong resistance is seen at 28430-28450 levels and support is now observed at 27830-27800 levels. MCX Silver (May) initially moved lower, but found very good support at 57370 levels. For the next week we expect Silver prices to find resistance at 60300-60350 levels and then strong resistance are seen at 60950-61050 levels. Support for mcx silver is now observed at 58840-58740 levels.

MCX GOLD SILVER TIPS FOR 12 March to 16 March Weekly:

MCX Gold (April) buy between 27840-27800, SL-27560, Target -28220/28430

MCX Silver (May) buy Between 58850-58750, SL-58000, Target -60250/60900
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