Monday, June 18, 2012

MCX Gold Silver Weekly Trend, Support and Resistance For Today

MCX Gold Trend : Experts believes that Gold is going to find support at 29,970 and below that strong support is expected between 29,700 and 29,650 levels. If consistency is made in trading below 29,650 levels then it would made correction towards 29555 and finally the major support at 29254 levels.
Buy MCX Gold August between 29,970 and 29950 levels and stop loss t 29640 and target of 30400 and 30700
MCX Silver Trend : This Week Silver prices are expected to find strong support in range of 52,800 and 53700 levels. Strong Resistance can be seen in the range of 55,280-55,400 levels.

MCX Gold Support and Resistance for Today
Support – 30051.00, 29978.00, 29896.00
Resistance – 30206.00, 30288.00, 30361.00

MCX Silver Support and Resistance for Today
Support – 30051.00, 54158.00 , 53917.00
Resistance – 54795.00 , 55036.00 , 55234.00

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