Tuesday, May 01, 2012

MCX Gold & Silver Tips & Strategy for This Week

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.