Monday, May 21, 2012
MCX Gold,Silver Trend & Tips For This Week
MCX Gold Trend & Tips : MCX Gold prices gained 2% and globally gold prices gained almost 0.8%. The week has begun with positive note with reassurance from policymakers over the status of Greece. It is expected to trade with a positive note during the week following the positive sentiments in the global market.
-Buy MCX gold June between 28550-28600 with Stop Loss of 28200 and Target of
MCX Silver Trend & Tips : MCX Silver July contract traded higher by 0.8% due to weakness of rupee. With positive sentiments from G8 policymakers it is expected that silver prices may trade higher during the week.
-MCX Silver Support 53,200/52,000 Resistance of 56,000/57,200.
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