Monday, June 13, 2011

Bullion Metals- Gold Silver Trend Today

The downside major support for Gold is seen near 22400-22380 and If Gold get succeeded to Breach This level it might fall down to 22300 followed by 22200-22100. The overall trend is still Bullish and if Gold not stays above 22400 on a consistent basis, higher levels like 22450-650 can be seen in near term. The near term trading range fo Gold is 22400 to 22900.

For Intraday Buy Gold 22450-22500 for the targets of 22540-22580-600 Stoploss 22380.

Silver Is trading with negative bias and a downfall till 52300-52950 can be seen if silver consitently trades below 54500. Uptrend can be seen only above 54500 trading above which could take Silver Towards 55000-56200 levels in near term.


Posted By Commodity MCX Tips