June 11, 2012

MCX Tips Trend Live

MCX Gold prices scaled to new life high in a strong rally, after they broke-out from a consolidation range above 29,450. We have always maintained our bullish view on the metal & we could see more upside in the short-term. MCX gold prices holds strong supports at 28960, 28560 and last at 28290. MCX Copper Holds strong resistance at 413 at 425.5 and 425.3. MCX Silver has breached crucial Resistance at 55150. Trend is expected to turn Positive & can Test levels of 57500 & 60000 and could move towards 65000. Silver is advised to accumulate on dips.
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