Bullion Updates
Gold has broken out above its trading between 26400 to 26850 zones. Intraday dips from higher levels will find support between 26850—26800 areas. Prices can now rally towards 27050/27125 areas. Traders who are holding long positions from lower levels should continue to do so for upside levels mentioned above. Intraday dips and reversals from lower levels should be bought by day traders.
Silver prices are likely to test immediate resistance around 36850 areas. Further rise in the counter can be seen only once prices breakout above this resistance. In that case, prices can head towards its next supply areas between 37050—37200 levels. Intraday support is seen around 36400 levels and until prices stay above this support the counter will remain range bound to positive between 36400 to 37100 areas.
Free MCX Tips Today Dated 20 April 2015
Gold has broken out above its trading between 26400 to 26850 zones. Intraday dips from higher levels will find support between 26850—26800 areas. Prices can now rally towards 27050/27125 areas. Traders who are holding long positions from lower levels should continue to do so for upside levels mentioned above. Intraday dips and reversals from lower levels should be bought by day traders.
Silver prices are likely to test immediate resistance around 36850 areas. Further rise in the counter can be seen only once prices breakout above this resistance. In that case, prices can head towards its next supply areas between 37050—37200 levels. Intraday support is seen around 36400 levels and until prices stay above this support the counter will remain range bound to positive between 36400 to 37100 areas.
Free MCX Tips Today Dated 20 April 2015
- MCX Gold June Buy between 26890—26850 range for Intraday Target of 27125 with Stop loss at 26790
- MCX Silver buy at 36645 level for Target of 36750-36900-37200 levels, with a stoploss at 36499.
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