MCX Gold Silver Trend
MCX Gold is in perfect uptrend. Latest trend and report suggest that MCX gold will get the level of 30700 level in some next trading session. It will be better to take a buying position in current level. RSI also in a buying favour. Gold is forming a wedge pattern and currectly its inching towards the upper end of the pattern i.e. towards 30750 levels whereas,on the lower end it has a support near 29950. Spot silver prices advanced in major cities in India. In Mumbai market, Pure silver (999 purity) was up Rs 1005 at Rs 56215 and in Ahmedabad market it was up Rs 945 at Rs 54905. MCX silver is also looking to get a bullish trend. Currently it is trading at 54600 level. MCX Silver Trend is bullish at the moment.
Talking about spot prices Gold is up in major cities in India. In Mumbai market, Standard gold (995 purity) was up Rs 1055 at Rs 31305 and pure gold (999 purity) was up Rs 1050 at Rs 31425. In Chennai market standard gold (995 purity) was up Rs 70 at Rs 30430 and pure gold (999 purity) was up Rs 70 at Rs 30550. MCX Gold Trend is looking Bullish for near term.
MCX Tips
- MCX Silver Tips is to Buy Silver above 54400 level to get the target of 55200 with a stoploss at 53400
- MCX Lead Tips is to buy at CMP to get the target of 108-109, Stoploss at 104.
- MCX Nickel Tips is to Buy MCX Nickel Aug at CMP with a stoploss at 857 to get target of 900.
- MCX Zinc Tips is to Buy Aug futures At CMP for the target of 103 with a stoploss at 99.
