Tuesday, June 28, 2011

MCX Bullion Tips- Gold Silver Trading Strategy

MCX Gold Silver Trading Strategy-

Gold MCX is likley to be in Up trend as long as 21850 level is sustained. Below this level Gold will have to see some selling pressure and Silver might see lower levels like 21720-21600 which later can turn out to be fatal if 21500 level breaks. A consistent trade above 22110 will be a signal of broad upward momentum and this could take Gold to intraday levels of 22200-22250.

Silver MCX is likely to reman consolidate for the day but a break through above 51300 can support Silver to touch levels like 51500-51700 followed by 52400 later.
Below 50900 Silver may see intraday downfall till 50600.
Intraday traders can buy Silver July contracts above 51300 for the targets of 51500-51700-800 stoploss below 51000


Posted By Commodity MCX Tips