Thursday, December 29, 2011

MCX Gold And MCX Silver Trading Levels


Broad weak bias prevails in MCX Silver while prices stay below 52500. Intraday  moves likely to test the immediate downside obstacle of 49000 but once it cleared likely to continue the selling momentum towards 47000/45000 or even more. However, a turn higher from 49000 if materialize could stretch the momentum and could signal pullback
rallies till 52000 later

In Gold Commodity, The current long liquidation spree to be continued only by a voluminous break below the region of 26530 which leads price pointing towards 26340/25990. If not, by holding the 26530 region for a bounce back towards 26750/830 or even higher.

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Posted By Commodity MCX Tips