MCX Gold Tips and Silver Trend For Today

MCX Gold Tips

In MCX Gold as long as 28750 hold the downside expect a turn higher and possibly target 28930 followed by 29050 or even more. A direct dip below 28730 could draw long liquidation pressure and take prices lower towards 28600.

Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend. Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level.

We advise that buy MCX Gold above 29396 with a stop at 28948 and if MCX Gold sustain below 28838 go for sell with a stop at 29285.

MCX Silver Tips

In enduring chart formation suggests prices have more room for further sell off towards 53300 followed by 53000 the day. At the same time turn higher above 54100 would be an early signal of renewed bullishness.

Currently MCX Silver is moving sideways the oscillator is showing BUY signal. In last 1 month volatality is very less and fresh buy can be considered in the Silver if it close above 55339 or buy with strict stop at 50996.

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MCX Gold Silver Updates (Tips and Trend) For Today: 9th May

MCX Gold Tips

Gold is technically consolidating on charts. Last week gold was trading in a range for most part of the week. In the coming week 28600 will act as a major support in gold and 29600 will act as a major resistance. For the next week traders can use sell on higher level strategy if gold sustains below 29100 than below 28950 it can test the level of 28810 to 28670.

MCX Silver Tips

Silver is technically weak on charts. Last week silver was trading on lower side for most part of the week. For the upcoming week 54400 and 52500 are the crucial supports and 58500 and 60500 are crucial resistance in MCX Silver. For the next week traders can use sell on higher level strategy if silver sustains below the level of 56150 then below 55650 silver can test the level of 55200/ 54600.

courtesy: www.steelguru.com

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MCX Commodity Updates: Gold, Silver Copper Tips For Today: 12th April 12

MCX Gold Tips

MCX Gold edged lower on profit-booking, taking a pause after four days of gains on concerns about global growth and revived worries about the euro-zone debt crisis. MCX Gold suggest that prices have reversed after taking resistance at 28660 levels. RSI is in a sell mode. We expect prices to correct up to levels of 28400.

Trading Call:  

Sell MCX Gold below 28600 with a stoploss of above 28700 for target of 28400.

MCX Silver Tips

MCX Silver suggest that prices have reversed after taking resistance at 56500 levels. Stochastic is in a sell mode. We expect prices to correct up to levels of 55000. MCX Silver prices are expected to trade within a broad range from 56600 to 55300,

Trading Call: 

Sell MCX Silver below 56000 with a stoploss of above 56500 for target of 55000.

MCX Crude Tips

MCX Crude prices are expected to test 5350-5370 on higher end, one can buy on dips around 5280. MCX Crude Oil suggest that prices have reversed after taking support at 5235 levels. MACD is in a buy mode. We expect prices to go up to levels of 5350.

Trading Call: 

Buy MCX Crude above 5280 with a stoploss of below 5235 levels for target of 5350.

MCX Copper Tips

MCX Copper fell to its lowest levels since mid-January, as signs of a worsening debt crisis in Europe and slowing growth in China fueled concern that demand for the metal will stall. MCX Copper suggest that prices are trading near a crucial support of 416. Stochastic is in a buy mode. We expect prices to go up to levels of 421 if the prices trades above 417.

Trading Call: 

Buy MCX Copper above 417 with a stoploss of below 414 level for targets of 421.

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MCX Gold Silver Tips and Trend For Today: 11th April '12

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MCX Gold June is currently at 28595, it is trading down by 78 points for the day. Silver futures for May delivery advanced 0.5 percent to $31.679 an ounce. Comex Silver is currently trading at $31.58 whereas MCX Silver May is currently trading at 56143, it is down by 204.

MCX Gold Tips

MCX Gold is suggested to get a prices which will be trading near a crucial resistance of 28600 levels. RSI is in a buy mode. We expect prices to go up to levels of 28900 if the prices trades above 28600.

Trading Call: Buy MCX Gold above 28600 levels with a stoploss of 28400 for target of 28900.

MCX Silver Tips

MCX Silver is also get prices are trading near a crucial resistance of 56500 levels. Stochastic is in a buy mode. We expect prices to go up to levels of 57200 if the prices trades above 56500.

Trading Call: Buy MCX Silver above 56500 levels with a stoploss of 56000 for target of 57200.

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MCX Gold Trend and Tips For Today: 9th Feb '12

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NEW DELHI: Snapping a three-day rising streak, both gold and silver fell today on profit-selling by stockists at existing higher levels amid a weak global trend.

All though the most-active gold for April delivery on the Multi Commodity Exchange (MCX) was 0.38 percent higher at 28,283 rupees per 10 grams, after hitting 28,365 rupees, nearing the 28,434 level touched in mid-December.

Greek political leaders have agreed on all points of a bailout package except one pension cuts, and officials said discussions with international lenders would continue so a deal could be concluded before a meeting of euro zone finance ministers on Thursday.

Market analysts said increased buying by speculators following pick-up in demand due to ongoing marriage season amid firming global trend mainly led to rise in gold prices at futures trade.

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