MCX Bullion Tips for Today: Gold Silver Calls

MCX Silver Tips- 

Prices extended its  upward  trend and likely to prevail its bullish momentum as a result of reaction rallies. Silver is now  heading towards 63700- 64200-500 mark.

Traders can buy Silver at 63350-400 for the targets of 63700-900-64100 SL-63000.

MCX Gold Tips-

Gold prices are still running on  bull and now finding its way towards 28000 level. But some dips till 27500-450 is expected before the spike. Below 27400 Gold may face a slight weakness towards 27250-27200 mark.

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MCX Bullion Tips- Gold Silver Trading Strategy

MCX Gold Silver Trading Strategy-

Gold MCX is likley to be in Up trend as long as 21850 level is sustained. Below this level Gold will have to see some selling pressure and Silver might see lower levels like 21720-21600 which later can turn out to be fatal if 21500 level breaks. A consistent trade above 22110 will be a signal of broad upward momentum and this could take Gold to intraday levels of 22200-22250.

Silver MCX is likely to reman consolidate for the day but a break through above 51300 can support Silver to touch levels like 51500-51700 followed by 52400 later.
Below 50900 Silver may see intraday downfall till 50600.
Intraday traders can buy Silver July contracts above 51300 for the targets of 51500-51700-800 stoploss below 51000

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MCX Bullion Updates- Gold Silver Trading Range

MCX Gold (August)
 

Prices are witnessing a range bound trades in the range of 22535-22800 from past one week. The short term moving average is rising.
The long term trend is also up. However, price momentum will only come on move above 22800 levels.

Trading Tips: Buy only above 22800 levels with a stop loss placed below 22700 levels for targets of 22950 levels.
 

MCX Silver (July) 

Prices are witnessing resistance near the 58200 mark. A sustained move above 58200 levels may see price rally to test 59500
60000 levels.

Trading Tips: Buy in the range of 58000-58200 levels with a stop loss placed below 57500 levels for targets of 59500 levels.

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MCX Silver Trend- Bullion Updates

MCX Silver (July Contract) Seems to be in up trend fro the day unless the level of 56700 breaks. The prices can move further upto 59000-59500 levels which could be followed by 60000. Above this crucial level of 60000 Major rallies are anticipated which would face a corrective sell off later. In Broad perspective a direct rise above 60000 can take Silver to 63000-65000 levels.

For Intraday one can buy Silver above 57200 For The targets of 57400-57500-57800 Stoploss 56750

while Below 56700 Go for sell for the targets of 56500-56200.

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