Wednesday, June 06, 2012
MCX Gold, Silver, Copper Trend and Tips For Today
MCX Gold Trend and Tips : MCX Gold prices are consolidating in a narrow range. It is expected that prices can move up. Buying gold on dips around 29,800-29,850/10gm with Stop loss below 29,6000/10gms and targets of around 30,200-30250/10gms.
MCX Silver Trend and Tips : Buy MCX Silver July contract with stop loss of 54,100/kg and target of 54,790/kg and above that 55,100/kg.
MCX Copper Trend and Tips : Sell Copper between 410-412/kg with stop loss of 415/kg for target of 403-400/kg.
MCX Gold Silver Price :
Gold/10gms – 30013.0, Silver/ kg – 54436.0
Gold remaining firm today rising by following euro. Investors are also looking forward to steps taken to rise above euro zone debt crisis. Investors are looking to expect further monetary easing from central banks especially form U.S. Federal Reserve after weak market data.