July 16, 2012

MCX Gold Silver Tips Trend 16 July

MCX Gold and MCX Silver both the metals are trading in a downtrend and is advised to sell mcx gold as well as sell mcx silver. While the overall trend for gold mcx today is consolidate and the overall trend for silver is also consolidate. The gold is expected to find support near 29200 levels while the resistance for silver is 29420 levels. The mcx silver support is near 52200 levels while the resistance will be at 53200 levels.

MCX Gold Tips MCX Silver Tips for 16 July:

MCX Gold (Aug): Sell -29,351 to 29,401 Rs and stop loss of Rs 29500 and 29150 as target.

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