Monday, September 17, 2012
MCX Gold Silver Tips for this Week
MCX Gold (October) last week opened at 31921 and traded in range of 32421 and 31667 and closed at 31880. Experts believes that next week gold prices are going to find support in the range of 31400 and 31500 levels and below that strong support is expected to be in between 31100 31200 levels. MCX GOLD TIPS. If Gold prices traded consistently below 31110 levels would lead towards sharp correction initially towards 30,800 then 30,650 levels and finally towards major support at 30350. Resistance can be observed in range of 32100-32150 levels. Trading consistently above 32150 would lead to strong resistance at 32250 and 32300 and finally to major resistance at 32450.
S1-31400,S2-31100, R1- 32150, R2-32450
Experts Advice – Buy MCX Gold October between 31400 and 31450 with stop loss of 31200 and target of 31750/31800
MCX Silver (Dec) last week opened at 64008 levels with slow start and found support at 61912 levels. Later prices rallied positively and met resistance at 65723 levels and finally closed higher to open at 64284. MCX SILVER TIPS. Experts believes that this week Silver prices are going to find support in range of 62200 and 62300 levels and then strong support is seen in range of 61400-61500 levels a trading continuously below 61400 levels finally leads towards major support at 59,500 levels. Resistance is observed in the range of 64900 levels and strong resistance is seen in range of 65800 and 65900 levels.
S1-62200, S2-61400, R1- 64900, R2- 65900
Expert Advice – Buy MCX Silver Dec between 63350-63450 with stop loss of 62700 with target of 64500 and 64800.