Friday, December 07, 2012

MCX Gold Silver Intraday Trend

MCX Gold is trading with a slight edge at the market and gold traded in a down trend at the market in the early hours. The mcx Gold intraday trend suggest that prices have reversed after taking support at 31000 levels. The gold mcx is trading in a in a buy mode. We expect that gold prices will touch a mcx gold target of 31480 levels. The gold is currently trading up by 0.16% with a change of 50 Rs. The Gold is expected to gain more in the evening session.
MCX Silver trend at the market suggest that prices have reversed after taking support at 61600 levels. The silver is recommended to buy for intraday session. We expect that silver prices will touch the target price of 63200 levels. The Crude Oil trading range is in between 4650 to 4780 levels. We expect prices to go up to levels of 4780 which is the upper band of the range.

MCX Gold Levels for Today:

MCX gold (Feb) contract is advised to buy around 31270 levels with a stop loss placed below 31150 levels for targets of 31480.

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