MCX
Gold & Silver Tips
: MCX June Gold Future traded higher due to weakness in US dollar
along with worries over Europe Debt. Due to positive sentiments in
global market also added bullish market sentiment. MCX Silve ralso
taking cues from rise in gold prices.
*Buy
MCX Gold June between 28740-28800 with a Stop Loss of 28490 with a
Target of 29320/29570.
MCX
Gold & Silver Strategy for this Week
: Gold and Silver are expected to trade with mixed sentiments this
week. Gold is expected to trade higher due to positive breadth in the
global market. MCX June Gold has a strong support at 28,740/28,500
levels and resistance levels at 29,320/29,580 levels. MCX May Silver
has a strong support at 54,400/53,500 levels and resistance levels at
57,500/58,000.
