October 11, 2012

MCX Gold Silver Tips For Today

Gold prices are nearing to a major downside support of 31170 region, which may need to crack  for the continuation of weakness and such constant trades below 31170 would be an early sign of a fresh sell off towards 31080/30940. The down trend in mcx silver is likely to be short-lived and in the coming session, we expect prices to keep the buying  interest with an upside target of 62400/700 or even more to 63400. But break below 61750 region could disseminate potential buying and find support at 61500 / 61100.

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