Friday, January 11, 2013

MCX Gold Silver Tips Today: Bullion Updates

MCX Gold Tips:
In bullion Metals here are mixed sentiments arising today. Where Spot gold prices gained 1 percent in yesterday’s session. Positive global market sentiments along with weakness in the DX supported an upside in the gold prices. on the MCX gold is trading at a lower position losing by 46 points. Currently it is trading at 30890. Trend suggest that mcx gold might get its support level of 30750 today.

For Today MCX Gold Tips is to SELL MCX Gold below 30840 level for the target of 30720 level and put stop loss at 30900.

MCX Silver Tips:
MCX Silver is also trading in a bear trend today. Spot silver prices ended 1.6 percent higher taking cues from firmness in the spot gold prices and weakness in the DX. Strength in the base metals pack also added to the gains in the silver prices in yesterday’s session. On MCX Silver is facing a loss of 115 points trading at 58565. Technically it is looking more bearish for today. Sell is suggested for intraday.

Intraday MCX Silver Suggestion is to sell MCX Silver below 58550 level with a target of 58100 and a stop loss at 58750.

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