Monday, August 1, 2011

MCX Bullion Tips: Gold Silver Updates

MCX Gold (Aug) is looking positive for Intra-day and can touch levels like 23150-200 which further can give it a way towards 23300-450 levels for near term.
Below 22980 it may face some selling pressure till 22900-22830 levels.

The other bullion metal Silver MCX (sept) today opened at 58752 and the same is the day high for today. Now silver can see some more downside levels if it trades below 57900. Long term positive trend of this precious metal is still intact.
Day traders can sell Silver commodity below 57900 to targets 57700-57500 keeping SL above 58200.
Above 58500 go for buy for the targets of 58800-60000.


Posted By Commodity MCX Tips