June 28, 2012

MCX Live Evening Trend for 28 June

The mcx gold is in progress as long as 29960 region caps the upside for the day and such weakness may edge down prices towards 29730 / 29600 or even more towards 29480 levels. A vertical rise above 30020 region could adulterate our bearish view and test 30120 / 30250 or even higher towards 30330. MCX silver is also in downtrend selling sentiments is probably to continue towards 53600 / 53300 or even lower towards 52600. Even in this bearish outlook, surprise rise above 54500 region could question our glum outlook  and uncover upside region of 54800 / 55200 or even higher towards 55700. 
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