MCX
Bullion Trend :MCX Billions market is expected to remain
volatile. Global cues will provide further provide direction to the
Bullion market. Investors are also watching movement of Rupee which
moving in range of 55-57. MCX Gold can trade in range of
29,000-30,000 while Comex Gold can trade in range of 1,545 – 1610
USD in near term. MCX Silver can trade in range of 51500-56500 and in
Comex can trade in range of 25-28.50 USD. India's demand for Gold may
remain subdued due to weak local currency. Indian is largest consumer
of Gold. Good Monsoon will also be positive for Gold.
MCX
Bullion Tips :
MCX
Gold Support and Resistance -
Support
– 29,204, 29131, 29051
Resistance
– 29357, 29437, 29510
MCX
Silver Support and Resistance -
Support
– 52613, 52419, 52120
Resistance
– 53106, 53405, 53599
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MCX Bullion Tips