Showing posts with label Gold support resistance. Show all posts
Showing posts with label Gold support resistance. Show all posts

Monday, October 01, 2012

MCX Gold Silver Tips for Today

MCX GOLD SILVER TIPS

MCX Gold October contract closed at 31,217/10gms on Friday after touching a low of 31091/10gms. MCX GOLD TIPS. Spot Gold prices floated between gain and loss and settles 0.1 percent low. Market sentiments were in doubts that stimulus measures announced by global central bankers not enough to growth in economies and thus results in bearish market sentiments. Strength in Dollar index DX also resulted downside pressure in gold prices. Spot gold prices touched weekly low of $1,737.50/oz and closed at $1,770.69/0z on Friday.

MCX Gold Levels for Today

Support - 31450/31330, Resistance – 31630/31700

MCX Silver prices fell by 0.92 percent and closed at 62,790/kg after touching low of 61,830/kg on Friday. Silver prices declined due to appreciation in Indian rupee which acted at bearish factor for MCX Silver. MCX SILVER TIPS. The Spot Silver prices declined by 0.09 percent and steeled at $34.46 on Friday backing weak global market sentiments created by renewed concerns of Euro zone. Weakness in Spot gold and base metal back along with strength in DX also exerted downside pressure on Spot Silver prices next week. It touched weekly low of $33.33/oz and closed at 34.46/oz on Friday.

MCX Silver Levels for Today

Support – 62500/62200, Resistance – 63150/63500

Experts Advice – In MCX market depreciation in Indian rupee will cushion in metals prices while in global market precious metals are expected to trade with a negative bias due to weak global market sentiments and also due to strength in the DX.
For this week Global gold prices may see bullish trend and may moved the level of $1,800/ounce. Global gold pries were down last week. The metal is within reach of its 2012 high, while open interest for US gold futures surged to a one-year high on heavy buying related to fund positioning before the quarter end.

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Tuesday, September 11, 2012

MCX Gold trend and Levels for Today

MCX Gold prices touching new heights and reached 32,500/10gms yesterday due to seasonal demand and strong global economic trend. Gold which is continuing to touch new highs from past three week, yesterday rose by 50 rupees to 32,400/10gms. MCX TREND. In futures trade gold prices crossed Rs 33,000 yesterday by tracing strong global markets sentiments. Firmness in spot market pushed gold to fresh high in futures trading ahead of festive season, Experts said.
MCX Gold April delivery was up by 136 to trade all time high of 333,170/10gms. Experts says that bullish trend will continue in MCX Gold as central banks from US and China are taking stimulus measures for economic growth. In New York Gold increased by USD 34 to USD 1,734.30 an ounce. Buying by stockists fulfilled the demand for Gold and thus resulted in uptrend.
Indian Post announced special discount of 6.5% given to customers on sale of Gold coins on occasion of Pushya Nakshatra coming on September 12th 2012.

MCX Gold Levels for Today

Support – 31824, 31741, 31632
Resistance – 32016, 32125, 32208

mcx free trend, gold support resistance, gold trend for today, gold mcx

Thursday, September 06, 2012

MCX Gold Silver Trend and Levels

MCX Gold continued its rally and gold yesterday sets all time new high of 31,980/10gms. MCX Gold was setting records for the last two weeks up by 130 to 31,980/10gms.Gold Tips. Experts believes that good buying by traders for upcoming marriage season and also investors moving funds to bullion market from weak equity markets. MCX Gold prices also gets supports from positive global trend as traders were waiting results from European Central Bank meeting related to euro-zone debt crisis results in demand for metal on the safer side. In New York Gold prices rose by 3.60 USD to 1,696.20/ounce.
MCX Silver lost Rs 200 to 60,000/kg as it lacks required support and result in loss in prices while weekly delivery added 170 to 61,950/kg.

Gold Support Resistance for Today -

Support – 31415, 31363, 31299
Resistance – 31531, 31595, 31647

Silver Support Resistance for Today -

Support – 61608, 61335, 61045
Resistance – 62171, 62461, 62734

Friday, August 31, 2012

MCX Gold Trend and Tips for Today

Today MCX Gold opened with soft note today. Experts believes that today MCX Gold is expected to trade in right range between 30,850/10gms and 30,900/10gms. Gold is expected to remain in uncertain zone today. GOLD TREND. Traders can trade in tight range in between 30,850-30,900/10gms on higher side and 30,700/10gms on lower side. Experts suggest to go long at current levels and probably dip to 30,780/10gms putting stop loss below 30,740/10gms at target of 30,850-30,880/10gms.
MCX Gold Support Resistance Levels For Today -
Support – 30772, 30707, 30658
Resistance – 30886, 30935, 31000
MCX Gold October contract was trading at 30805.00 down 0.10% at 11.12 hrs. Gold rate touchned intraday high of 30808 and intraday low of 30781. Gold prices are moved up 1855 in October series so far.
MCX Gold December Contract was trading 31182 down 37 rupees at 11.13 hrs. It touched intraday high of 31185 and intraday low of 31143.00. Till now 112 contracts have been traded. Gold prices moved up 1882.00 rupees in December series so far.


Thursday, August 23, 2012

Gold Silver Support Resistance for Today

Gold - 
Support - 30254, 30192, 30099
Resistance - 30409, 30502, 30564

Silver - 
Support - 55093, 54877, 54640
Resistance - 55546, 55783, 55999 

Monday, August 13, 2012

MCX Gold and Silver Tips for this Week

MCX Gold (October) – MCX Gold October opened at 29,918 last week and then seen lower and as experts were believing it finds good support above expected level 29,756 and later rallied towards 30,078 levels and finally closed higher. Experts believes that next week gold prices may find support between 29,960 and 29930 levels and below it good support is expected at 29,830 and 29,800 levels. Resistance is expected in range of 30,150 and 30,180 levels.
MCX Gold Levels for this week – Trend (Up)
S1 – 29,955, S2 – 29,830, R1 – 30,154, R2 – 30,300
Buy MCX Gold October between 29,960 and 29,930 with stop loss of 29,845 and target of 30,150/30,270.

MCX Silver (September) – MCX Silver previously opened at 53,625 levels and moved lower and found support at 53,027 and finally closed higher from the previous week. Experts believes that this week Silver prices may find support in range of 53,100 and 53050 levels and trading consistently below 53,050 levels would lead to strong support at 52,650 and 52,550 levels. Resistance is expected in range of 53,810 and 53,860 levels.
MCX Silver Levels for this week – Trend (Sideways)
S1 0 53,100, S2 – 52,700, R1 – 53,860, R2 – 54,240
Buy MCX Silver September between 53,420 and 53,360 with stop loss of 52,860 and target of 54,120/55,050.

Monday, August 06, 2012

MCX Gold and Silver Tips For Today

MCX Gold : Last week MCX Gold contract gained by 0.4% and closed at 29,905/10gms on Friday. Appreciation in Indian rupee helps in sharp gaining in prices of MCX Gold. Spot Gold prices declined by 1.2 percent in the last week. Gold touched a low of $1548.49 during the week and closed at $1603.80 in the last week.
Gold Support and Resistance-
Support – 29829, 29753, 29655
Resistance – 30003, 30101, 30177
MCX Silver : MCX Silver prices gained by 0.2 percent and closed at 53,317/kg on the Friday after touching high of 54319/kg in last week. Spot Silver prices gained by 0.3 percent. Silver touched high of $28.37 in last week and closed at $27.80.
Silver Support and Resistance -
Support – 52873, 52430, 52152
Resistance – 53594, 53872, 54315

In today's trading session it is expected that appreciation in Indian rupee will help sharp gains in prices in MCX and globally precious metals are expected to trade sideways.


Thursday, August 02, 2012

MCX GOLD SILVER TIPS FOR TOMORROW

Get Tomorrow’s MCX Gold and Silver Tips. Also catch tomorrow MCX market trend and effect of global events on MCX Gold and MCX Silver. Get MCX Gold Silver support and resistance levels for tomorrow and gain profits. Today MCX Gold prices moved up due to depreciation in Indian rupee and expected to trade sideways in evening session. Globally Gold also gained prices due to positive response to cut Euro zone debt crisis. MCX Silver prices also gained by 0.05% due to depreciation in Indian rupee and internationally Silver gained by 0.15 percent. Good response to solve Euro zone debt crisis helping in moving Gold and silver prices up globally.


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

Monday, July 23, 2012

MCX Gold Target and Trend For today

MCX Gold Target –
Support : 29212, 29138, 29094
Resistance : 29330, 29374, 29448
MCX Gold Trend : MCX Gold August contract closed around same levels as around in previous week. Due to depreciation in Indian rupee result MCX prices to close on positive note at 29,277/10gms after touching high of 29,370/10gms during the week. Spot Gold prices declined by 0.4% in last week backing strength in dollar index with some negative market sentiments.
Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, declined to 1,257.05 tons, as on July 19. Silver holdings of ishares silver trust, the largest ETF backed by the metal, declined to 9,696.71 tons, as on July 13.
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Thursday, July 12, 2012

MCX Gold and Silver Tips For Tomorrow

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Wednesday, July 04, 2012

MCX Gold, Copper Tips For Today

MCX Gold : Experts believes that due to improvements in condition of Indian rupee there has been fall in gold prices and expects further fall in it. They recommend to Sell Gold at 29,500/10gms with stop loss of 29,570/10gms for a target of 29,400/10gms.
MCX Copper : Prices of MCX Copper are not expected to move up in near term so it is advised to Sell Copper at 428/kg with stop loss placed above 432/kg and is expected copper prices to move up and test level of 420/kg.
Gold Support Resistance For Today
Support : 29399, 29325, 29206
Resistance : 29592, 29711, 29785
Silver Support Resistance For Today
Support : 53465, 53224, 53008
Resistance : 53922, 54138, 54379

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Tuesday, July 03, 2012

Gold Silver Support Resistance For Today

Gold Support - 29560, 29460, 29361
Resistance – 29759, 29858, 29958
Silver Support – 53231, 52950, 52743
Resistance – 53719, 53926, 54207

CLICK HERE FOR TODAY'S GOLD SILVER TREND

Thursday, June 21, 2012

MCX Gold Silver Support Resistance For Today

Gold -
Support – 30093, 29898, 29780
Resistance – 30406, 30524, 30719
Silver -
Support – 53938, 53307, 52801
Resistance – 55075, 55581, 56212 

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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Friday, June 08, 2012

Gold Silver Resistance Support & Tips For Today

Gold -
Support – 28997.00, 28677.00, 28141.00
Resistance - 29853.00 , 30389.00, 30709.00
Silver -
Support – 53370.00, 52650.00, 51460.00
Resistance – 55280.00, 56470.00, 57190.00
Gold Tips – Buy Gold on dips around 29,800-29,750/10gms with Stop Loss below 29,600/10gm and targets of around 30,200-30,300/10gms.
Silver Tips – Experts believe that Silver prices are expected to move down and touch levels around 54,300/kg and anytime rise in price between 55,600 and 55,700/kg should be used as selling with stop loss of 56,300/kg for downside target of 54,700/kg and below that 54,300/kg.
Gold prices slid more than 1% on Friday, extending losses from the previous session when US central bank chief Ben Bernanke disappointed investors by giving few hints on imminent monetary stimulus. Spot gold dropped as low as USD 1,561.44 an ounce, its least in a week, and traded at USD 1,566.29 by 0229 GMT. US gold futures contract for August delivery fell 1.2% to USD 1,568.30.

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Monday, June 04, 2012

MCX Gold & Silver Weekly Trend and Levels

MCX Gold Trend : In last week gold prices were seen and during the week it is expected that gold prices is going to trade with positive breadth backing risky global cues. This may results in good demand for gold however in the Indian markets prices will gain further due to falling rupee.
MCX Gold Levels :Buy MCX Gold (August) between 29,700-29650 with stop loss of 29300 and target of 30500/31000.
Spot Gold : Support – 1595/1560, Resistance – 1160/1694.
MCX Silver Trend : Silver is expected to trade with a mixed note in the international markets with taking mixed cues from rising gold prices and pressure in base metals while in domestic markets silver is expected to trade higher due to falling rupee.

MCX Silver Levels :Buy MCX Silver July between 54100-54000, SL-53190, Target - 55400/56050. (CMP: 54,172)
Spot Silver : Support 28.14/27.45, Resistance 29.10/29.74

Tuesday, May 29, 2012

Gold Silver Support and Resistance Levels

Gold (June) – Trend for Gold June is consolidate. Resistance levels are R2 – 29300, R1 – 29100, Sup1 – 28600, Sup2 – 28400. Strategy for gold june is to sell on higher levels.

Silver (July) - Trend for Silver July is Consolidate and Resistance levels are R2 – 56000, R1 – 55200, Sup1 – 53000, Sup2 – 52200. Stragey for Silver July is to sell on higher levels.

Gold prices rised third day in a row to Rs 29,650/10gms due to firm local demans in bullion market on the other hand Silver lacked support for buying and shed 54,750/kg. Experts believes that sustained buying by investors results in the rise in gold prices. Gold of 99.9 and 99.5 percent purity strengthened to 29,650 and 29,510/10gms. Gold has gained Rs. 265 in last two sessions.

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