Thursday, July 12, 2012

Gold Silver Tips, Crude Updates

MCX Gold-  Technical Chart of Gold suggest that prices have breached the crucial support of 29400. RSI is in a sell  mode. We expect prices to correct up to levels of 29120. So Sell around 29280 levels with a stop loss placed above 29400 levels for targets of 29120  level.


MCX Silver- Silver prices are trading near the crucial support of 52400 levels.  Stochastic is building strength. We expect prices to go up to levels of 53100. Trading Call: Buy around 52400 levels with a stop loss placed below 52000 levels for targets of 53100  levels.

MCX Crude-  Crude Oil trend suggest that prices have reversed after taking resistance of 4800. MACD is in sell mode. We expect prices to correct up to levels of 4700.  Sell around 4775 levels with a stop loss placed above 4820 levels for targets of 4700 level.


4 comments:

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kunal dusane said...

Gold slipped on Tuesday, as the dollar firmed ahead of the U.S. Federal Reserves two-day policy meeting, while a looming Greek crisis failed to trigger sustained flight to safety demand.

Regards--
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