Friday, June 8, 2012

Commodity Trend: MCX Gold & Silver Tips


In MCX Gold, A drift lower is favored towards 28850, but is unlikely to evolve into major weakness unless confirmed with successive days of close  below 28750. A push higher above 29300 would dilute intraday  
bearish sentiments but is required to close above 29500 to trigger rallies.


In Silver MCX , While above 55200 prices continues to be inside the bullish zone.  For the day, we expect an initial dips followed by  a consolidation  and edge higher. However, prices have to clear above 56000 to  invite strong rallies again. Dip lower below 54000 would be an early signal of reversal.    

6 comments:

Unknown said...

Blogger’s brilliant Efforts are really appreciable. Anyone can easily understand the thoughts. Also I like the conclusions made on this topic which is really very informative.
Stock Cash Tips

Clara Mellor said...

Forget Sensex, India’s market cap likely to double from $2 trn to $4-5 trn in 7-10 yrs;capitalstars

Unknown said...
This comment has been removed by the author.
Unknown said...
This comment has been removed by the author.
Unknown said...
This comment has been removed by the author.
Unknown said...

Excellent article. Very interesting to read. I really love to read such a nice article I would like to thank you for the efforts you have made in writing this post.
Dollar Advisory

 
Posted By Commodity MCX Tips