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MCX Gold
On March 06, 2012 gold prices were trading mixed in India. In the Ahmedabad market Standard gold (99.5 purity) was up Rs 155 at Rs 28080 and pure gold (99.9 purity) was up Rs 145 at Rs 28200. Prices seen consolidating after the recent fall. So when look ahead, If prices hold the upside stumbling block of 28170 region could elicit selling pressure towards 27930/850 or more towards 27750. But concrete trades above 28170 region may magnetize the upside resistance of 28220/38310 could even higher 28430.
MCX Silver
Today, silver prices declined in major metros in India. In Chennai market, Pure silver (999 purity) was down Rs 1800 at Rs 57000 and in Delhi market it was down Rs 700 at Rs 57800. Prevailing selling pressure if failed to surpass below 58000 might call for a turn higher towards 59200/59900 or even more. Meanwhile, a direct dip below 58000 liquidation pressure will focus towards 57500/57000 later.
MCX Bullion Tips and Trend For Today-
| COMMODITY | MONTH | CLOSE | S2 | S1 | R1 | R2 | TRADING VIEWS |
| GOLD | AP R | 27948 | 27600 | 27800 | 28250 | 28400 | Sell Around 28025 / 28050, Sl 28150, Tgt 27850 / 2772 |
| SILVER | MAY | 58430 | 57225 | 57800 | 59325 | 59900 | Sell Around 58900, Sl Abv 59500, Tgt 58400 / 5800 |
