Friday, October 21, 2011

Commodity MCX Tips for Gold and Silver

On MCX, Gold prices have once again crossed the level of 26500. Now we can expect a significant rise by the end of the day. Gold prices can take resistance around 26750. Above the same we can see some more upside levels like 26850-27000 while below 26480 a slight decline is anticipated.
For day trading purpose we can buy MCX gold above 26700 for the targets of 26800-26950-27100.

Silver can be purchased at 52900 for the intraday target of 53200-53500.

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Posted By Commodity MCX Tips