Thursday, August 23, 2012

MCX Tips|Gold Silver Trend| Commodity Tips Today

MCX Gold Trend

Comex gold is trading at 1667.50 dollars per ounce dropped 0.2 percent to its previous. Gold had managed to close at a new record level in the domestic market on Thursday, at Rs 30 817 gained by 1.7 per cent. Talking about gold trend MCX Gold is looking in a perfect bulish trend, but the international updates don't support the current trend in Gold. It may cross the magical level of 31200 if it manages to get 31000 level today. MCX Gold Tips for Today is to buy on lower level.

MCX Silver Trend

Commodity markets have taken over the fall. Under pressure from the upper levels of profit selling in international commodity markets are seeing. Comex gold and silver are broken, then the crude oil slipped NYMEX. At the moment Comex slight decline with silver is trading at 30.40 dollars per ounce. Silver in the domestic market grew 2.7 per cent to Rs 56782 with a gain. Although MCX silver trend is looking up in domestic market. MCX Silver Trend is bullish for today having a resistance at 57400 level.

MCX Tips

Today commodity market is looking volatile. Comex Gold and Silver are down, while Copper on LME and crude on NYMEX are also facing a fall. Technical Tips suggest that a stronger rupee against the dollor may change the trend of commodities in domestic market. MCX Tips for today are-

  • MCX Tips in Copper is to Sell copper on higher levels to get the target of 418.
  • MCX TIps in silver is to buy Silver on lower levels for the target of 57200 level.

Commodity Tips For Today
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