Wednesday, July 11, 2012

MCX Gold Silver Trend For Today- 11 July 2012

At MCX, Gold August Contract opened almost flat with negative bias and currently trading at around 29250 down more than 0.50%. MCX Gold August contract expected to trade in range of 29200-29800 for near term.
International Gold futures are modestly lower near 1575 USD per ounce. But, overall, the Gold market remains trapped in the middle of a two-month sideways range from last few days.The key support is $1530 per ounce on the downside and resistance at $1630 per ounce in Spot Gold. MCX Gold to take support near Rs 29450 and resistance at  Rs 29800 per 10 grams. 

 A strong breakout with two continuous settlements either support or resistance would be a signal that either the bears or bulls are reasserting control. Till than, This  yellow metal will remain neutral and market expected to trade said range.


Imran Khan said...

Epic Research Daily news and call update for the gold and silver

Sai Proficient said...

If you are searching the free stock market updates and signals so your searching have been stop because at Sai Proficient you can get best Commodity Tips at very low prices.@

Geet Khare said...

Disappointing stocks this week: Sun Pharma slips in red .capitalstars

Rakhi Pawar said...

Thanks for sharing your views on MCX Gold Silver Trend,Looking forward for more posts from You!What a great Blog i really dont know much information of that.
Forex Tips

Posted By Commodity MCX Tips