Sunday, August 12, 2012

MCX Tips For Gold Silver|Copper Updates

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MCX Gold Tips
In Bullion sector Gold is trading in a hold long position, but for intraday trading MCX Gold is trading in a consolidate trend. Although it has cross the 30000 level first time in this month. In its last trading it shut stop at 30034 down by 19 points. Tips and Trend suggest that MCX Gold has a good resistance at 30210 level and a crucial support at 29700 level. MCX Gold Tips For intraday is to buy on lower level.

MCX Silver Tips
Silver is also trading on a hold long position, but sideways for intraday trading. MCX Silver may cross the intraday level of 54500 if it get the first resistance level of 53900 level, else below the support level of 52800 it would be in a down trend. MCX Silver Tips for today is to sell on higher levels due to its consolidation.

Copper Updates
Commodity Updates for copper suggest that it has a bearish trend for the short term trading. Currently copper is trading on a consolidate pattern. Copper Updates showing a buying moments above 419 level. If copper will get this level then profit booking would be in this levels 422-425. Else below the 412 level updates turn in to a down trend.

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