Thursday, May 17, 2012

MCX Commodity Updates: Gold Silver Trend


MCX Gold-Morning gains ensure that last day’s plunge has not sustained. Even  though,  mild recovery may continue only by steady  trades above  28260 region and such successful moves could locate resistance at 
28320/430. Otherwise, could find support at 28030/27940  followed by 27850.



MCX Silver- Firm moves seen in the morning session may not be productive until it cross above 53000 region convincingly, else hold the same for a push down towards 52300/52000 followed by 51000 region. 
Break above 53000 region could lure buying interest towards 28260/550 followed by 54000

1 comments:

Geet Khare said...

The BSE Metal is one of the top gaining index in Wednesday’s morning session. It is up 1.24% at 12,214.capitalstars

 
Posted By Commodity MCX Tips