MCX Gold Silver Tips
MCX Gold daily chart is suggesting that prices have breached the crucial support of 30650 levels. RSI is in a sell mode and prices are trading below the short term averages. We recommend a sell around 30650 levels with a stop loss placed above 30800 levels for target of 30120 levels as today's MCX Gold Tips.
In MCX Silver technical reports are observing that prices have breached the crucial support of 58800 levels. RSI is in a sell mode and prices are trading below the short term averages. We recommend a sell around 58100 levels with a stop loss placed above 58900 levels for target of 56840 levels as MCX Silver Tips for today.
Copper Updates
Chinese official data show that refrigerator, air conditioner and washing-machine production rose 8%, 14% and 25% year-on-year, respectively, in September. The Latest updates marks are over the demand outlook. Visibility on order books is very low indeed and there is huge uncertainty around the growth trajectory of China's economy. The Copper updates are suggesting a bull trend in MCX Copper. MACD is in a sell mode and prices are trading below the short term averages. Having a support of 415 it is ready to get 423 level in today's trading. We are suggesting an buy on lower side to get the target price of 422 level.
