Tuesday, 14 May 2013

MCX Gold Silver Tips and Trend Today

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MCX Silver Trend :- With volatile trading session gold and silver now trading with negative bias. Tracking a weak global trend,silver prices moved down by 0.25 per cent to Rs 45,006 per kg in futures trade today as speculators partially offloaded positions. 

Gold Updates :- June futures have been consolidating in a range however prices still hold strong resistance at 27500 & trend remains down till the given level holds. On the lower side, support holds at 26580, a breach below the given levels further selling is expected till 26000 & 25300 levels. 

Mcx tips :- Sell gold at 26900, Stoploss 26950, Target 26820. 

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