MCX Gold Tips
The gold price in the domestic market are under Rs 30,000, while the international market, gold prices are above $ 1,600. Volume of gold and silver in the futures market has seen a decline. MCX gold is trading at Rs 29 970 with strength of 0.25 per cent. The Technical Tips and Trend suggest that the prices have reversed after taking support at 29850 levels. Traders are in a buy mode and prices are trading close to the short term averages. We recommend a buy around 29900 levels with a stop loss placed below 29750 levels for a target of 30250 levels.
MCX Silver Tips
MCX Silver current contract is looking consolidate to positive for today. Market may find support near 53200; intraday resistance can be seen near 54100. Day traders are advised to buy intraday on lower levels. The technical tips and trend suggest that the prices are trading near a crucial support of 53200 levels. Oscilators are supporting a buy mode and prices are trading close to the short term averages. For MCX Silver Tips we recommend a buy around 53200 levels with a stop loss placed below 52600 levels for a target of 54300 levels.
