Wednesday, August 01, 2012
MCX Gold & Silver Tips For Today
MCX Gold Tips : Gold touches highest level in a month yesterday and investors believes that rally is going to continue to near record highs. The rupee is playing important role in going prices of Gold up. The October delivery gold was at 30,295/10gms after hitting high of 30,325.
Experts advice to buy Gold at 30,200 for a target of 30,500-30,700 with stop loss of 30,100.
Gold Support and Resistance -
Support : 30879, 30824, 30749
Resistance : 31009, 31084, 31139
MCX Silver Tips : Silver also moving up following gold. Experts advice to Buy MCX Silver at 55,500 for target of 57,000 with stop loss of 55,000.
Silver Support and Resistance -
Support : 53823, 53672, 53424
Resistance : 54222, 54470, 54621