Monday, January 23, 2012

Weekly Commodity Updates : Support & Resistance levels for Comex Gold | MCX Gold | Comex Silver | MCX Silver

Weekly updates COMEX/MCX Gold
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1660 $ an ounce, then above 1671 $ it can test the level of 1686$/1699$/1715$ $ an ounce. And in MCX Gold above 27600 it can test the level of 27750/27950. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1525$ and 1460$.
Major resistance for COMEX Gold in the coming week is 1710$ and 1790$
Major support in MCX Gold is 26500 and 25500
Major resistance in MCX Gold is 28700 and 29500
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Weekly updates COMEX/MCX Silver
Technically COMEX Silver is consolidating on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3200$ an ounce, then below 3150$ COMEX Silver can test the level of 3102/2945/2895$ an ounce. And in MCX Silver sustains below 57200 then it can test the level of 54600/53700/53000, Trade by keeping the proper stop losses. 
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