Tuesday, July 19, 2011

Bullion Updates- Gold SIlver Trend Today

The intraday trend of gold is likely to remain consolidated withing the range of 23100-23300. A dip towards 23150 is expected and then Gold can take a recovery. The broad term positive trend is still intact and heading to 23600 mark but a direct fall below 23140 exert pressure for some liquidation which could lead Gold to some downside levels like 23080 -22900 levels.

In silver MCX fresh buying can be seen above 60400-500 levels which may take silver further on higher levels like 62000-63500 later..
A selling pressure could be seen in Silver if it fails to manage above 59900.
Intraday Traders can buy silver above 60260 Tg-60400-500-800  Stoploss below 60000


Posted By Commodity MCX Tips