Wednesday, July 11, 2012

MCX Gold Silver Tips: Commodity Tips Today

MCX Gold Tips

MCX Gold is trading again in a consolidate trend. Yesterday it closed at 29275 levels down by 0.5 per cent. Market sentiment says that MCX gold is trading on oversold levels, that means today a rally is posible in gold near 29450 level if gold cross this levels then it can go upto 29560 levels. But a break below 29200 level would be a signal of a bearish trend. If mcx gold cross 29200 level today then it will renew the bearish sentiments ans can move to 29000 levels. For today MCX Gold Tips is to sell gold on higher levels.

MCX Silver Tips

MCX Silver is also trading on consolidate to negative bias. MCX Silver is in looking more sideways then any other commodity. In last trading silver was up by 0.16 per cent and close it trading at 52730 levels. For Todays MCX Silver Tips we suggest a strong support at 51400 levels followed by 50000 levels. On the upper side a rally above 53350 can go up to the 54000 mark also. MCX Silver Tips for today is to Sell silver on higher levels.

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