Wednesday, May 23, 2012

MCX Tips: Gold and Silver Trend For Today

MCX Gold Tips

MCX Gold has traded in consolidate way in last trading session. It strat well in morning session but at the end of the day it change its way to red. Witnessing selling bias likely to continue only below 28850 region and successful moves may find support at 28770/28650 initially. Anyhow, if unable to break below 28850 region could lure fresh buying sentiments towards 29100/29180 followed by 29300. 

MCX Silver Tips

MCX silver was down by more then 1% on wednesday and closed at 53821. Moving more towards to the selling, even today also looking consolidate. Early attempts to break the recent swing support of 53700 has failed and prices hovering just above the same. Looking ahead, present moves are likely to consolidate again inside 53700-54400 levels but any of the side breakout would call for fresh directional moves.

Copyright © MCX NCDEX Commodity Tips Design by O Pregador | Blogger Theme by Blogger Template de luxo | Powered by Blogger