MCX Trade Tips

Silver rate on MCX were trading lower. At 15:20 hrs MCX silver November contract was trading at Rs 62652.00 down Rs 295.00, or 0.47%. The MCX silver price touched an intraday high of Rs 62915.00 and an intraday low of Rs 62510.00. So far 36069 contracts have been traded. MCX silver rate have moved up Rs 1762.00, or 2.89% in the November series so far. More Information about MCX Silver visit my site mcx-trade-tips.blogspot.com

A drop in local MCX gold rate to a three-week low prompted a wave of buying in India on Monday, while an upcoming week long holiday in China has generated some physical mcx gold buying interest. More information about gold tips for today visit my site mcx-trade-tips.blogspot.com

City	Silver 999	Change (Rs)
Mumbai (Sep 17)	63730	0
Ahmedabad (Sep 17)	62720	-155
Chennai (Sep 17)	60500	200
Delhi (Sep 17)	61900	-100
Jaipur (Sep 17)	61500	200

Max Commodity has come out with its weekly outlook on MCX Gold, Silver. According to the research firm, one can buy MCX Gold October between Rs 31650-31600 with a stop-loss of Rs 31380, for a target of Rs 32200. More information about mcx tips visit my site mcx-trade-tip.blogspot.com

In India benchmark October MCX gold contract extended gains on Monday morning to hit a record to high of Rs 31,076 per 10 grams, following a rally in the world stock markets and on a weak indian rupee. More Information about MCX Tips visit my site mcx-trade-tips.blogspot.com

Today MCX Gold imports are set to fall further this year as global bullion rate are driven higher by surplus cash in the stock market and by a weaker dollar, delegates at a major conference on the metal said on Friday. More Information about gold tips for today visit my site mcx-trade-tips.blogspot.com

Silver Rate on MCX were trading flat. At 10:51 hrs MCX Silver August contract was trading at Rs 53752.00 down Rs 17.50, or 0.02%. The MCX Silver price touched an intraday high of Rs 53789.00 and an intraday low of Rs 53711.00. So far 6064 contracts have been traded. MCX Silver rate have moved down Rs 8248.00, or 13.31% in the August series so far. More information about MCX Silver visit my site mcx-trade-tips.blogspot.com

Gold Demand in India, one of the top buyers in the world, remained subdued on Tuesday after Gold rate moved higher on a weak indian rupee and chasing a similar trend overseas. More information about free mcx tips visit my site mcx-trade-tips.blogspot.com

Silver rate on MCX were trading lower. At 11:05 hrs MCX Silver September contract was trading at Rs 53455.00 down Rs 57.50, or 0.12%. The MCX Silver price touched an intraday high of Rs 53557.00 and an intraday low of Rs 53434.00. So far 1635 contracts have been traded. MCX Silver rate have moved down Rs 6945.00, or 11.50% in the September series so far. More Information about MCX Tips visit my site mcx-trade-tips.blogspot.com

Silver rate on MCX were trading very low. At 14:03 hrs MCX Silver August contract was trading at Rs 53267.00 down Rs 122.00, or 0.22%. The MCX Silver price touched an intraday high of Rs 53370.00 and an intraday lowest of Rs 53240.00. So far 13508 contracts have been traded. MCX Silver rate have moved down Rs 8429.00, or 13.66% in the August series so far. More Information about MCX Silver visit my site mcx-trade-tips.blogspot.com

Today Gold rate on MCX were trading marginally higher. At 16:07 hrs MCX Gold August contract was trading at Rs 2991.00 up Rs 6.50, or 0.21%. The MCX Gold price touched an intraday high of Rs 2993.00 and an intraday low of Rs 2982.00. So far 16120 contracts have been traded. MCX Gold rate have moved up Rs 51.00, or 1.72% in the August series so far. More Information about gold tips for today visit my site mcx-trade-tips.blogspot.com

At 16:04 hrs MCX Gold September contract was trading at Rs 3008.00 up Rs 6.50, or 0.21%. The MCX Gold price touched an intraday high of Rs 3009.00 and an intraday low of Rs 3000.00. So far 3933 contracts have been traded. MCX Gold rate have moved up Rs 8.00, or 0.26% in the September series so far.

At 16:05 hrs MCX Gold October contract was trading at Rs 3023.00 up Rs 6.50, or 0.21%. The MCX Gold price touched an intraday high of Rs 3044.00 and an intraday low of Rs 3011.00. So far 419 contracts have been traded. MCX Gold rate have moved down Rs 15.00, or 0.49% in the October series so far.

In Indian MCX gold traders stayed on the side lines as they prepared to face poor non-urban demand after the elements office prediction a famine which could hole town earnings and benefits. More Information free mcx tips visit my site mcx-trade-tips.blogspot.com

Today MCX Gold price were trading lower. At 16:04 hrs MCX Gold August contract was trading at Rs 23975.00 down Rs 62.00, or 0.27%. The MCX Gold price touched an intraday high of Rs 24045.00 and an intraday low of Rs 23950.00. So far 8991 contracts have been traded. MCX Gold prices have moved up Rs 490.00, or 2.08% in the August series so far. More Information about MCX Gold price visit my site mcx-trade-tips.blogspot.com

Today Gold rate on MCX were trading firm. At 13:57 hrs MCX Gold July contract was trading at Rs 23755.00 up Rs 38.00, or 0.17%. The MCX Gold rate touched an intraday high of Rs 23756.00 and an intraday low of Rs 23705.00. So far 2402 contracts have been traded. MCX Gold rate have moved up Rs 364.00, or 1.57% in the July series so far. More Information about MCX Tips visit my site mcx-trade-tips.blogspot.com

Today Silver prices on MCX gained. At 16:14 hrs MCX Silver August contract was trading at Rs 53045.00 up Rs 190.00, or 0.37%. The MCX Silver price touched an trading high of Rs 53075.00 and an trade low of Rs 52889.00. So far 44768 contracts have been traded. MCX Silver rate have moved down Rs 8955.00, or 14.45% in the August series so far. More Information about MCX Silver visit my site mcx-trade-tips.blogspot.com

In Indian MCX gold futures are likely to surge past their highest level in two weeks, helped by expectations of a further depreciation in the rupee. More Information about free mcx tips visit my site mcx-trade-tips.blogspot.com

Today in Indian MCX gold edged lower on Wednesday afternoon with physical traders watching the progress of monsoon rain, vital to MCX gold demand in rural areas, though a weaker Indian rupee kept the downside limited. More Information about mcx tips visit my site mcx-trade-tips.blogspot.com

MCX Gold prices in India, one of the world's leading consumers, edged higher on Wednesday on a weak rupee, keeping demand muted as there wasn't any festival in the short-term to lure buyers. More Information about mcx gold price visit my site mcx-trade-tips.blogspot.com

Silver prices on MCX gained. At 13:46 hrs MCX Silver July contract was intrading at Rs 52240.00 up Rs 253.00, or 0.48%. The MCX Silver rate touched an intraday high of Rs 52270.00 and an intraday low of Rs 51975.00. So far 2121 contracts have been traded. MCX Silver prices have moved down Rs 17847.00, or 25.47% in the July series so far. More Information about MCX Silver visit my site mcx-trade-tips.blogspot.com

Indian MCX gold prices extended losses on Friday, hitting its lowest level in nearly last two weeks, weighed by a firm indian rupee, triggering bargain hunting from physical traders as price levels were attractive. Supply of recycled gold slowed. More information about free mcx tips visit my site mcx-trade-tips.blogspot.com

In Indian MCX gold futures shed about 1% on Monday weighed by strength in the rupee, which reversed from its record low hit last week, but physical intraders were unwilling to book deals awaiting further price falls. More Information about mcx tips visit my site mcx-trade-tips.blogspot.com

MCX Gold Price fell 2% on Thursday, on track for its biggest one-day fall in over three months, as renewed fears of a Stock global economic slowdown and disappointment over a lack of aggressive US Federal Reserve stimulus dampened bullion's inflation-hedge appeal. More information about mcx gold price visit my site mcx-trade-tips.blogspot.com

MCX Silver prices were trading lower in major metros in India Stock market. In the Delhi Stock market, Pure MCX silver (999 purity) was down Rs 700 at Rs 55100 and in Ahmedabad Stock market it was down Rs 655 at Rs 54845. More Information about MCX Silver visit my site mcx-trade-tips.blogspot.com

Today We have come out with its report on MCX Gold, Silver, Copper, Lead, Zinc, Nickel, Crude Oil and Natural Gas. Crude oil futures are trading above $86 a barrel in Asia today tracking the gains in Asian stock markets as Greece's pro-bailout party appears likely to secure a narrow election win, making Greece less likely to leave the euro zone for now. More Information about Free MCX Tips Visit my site mcx-trade-tips.blogspot.com

In India MCX gold traded just a tad above the keenly-watched Rs 30,000 mark on Wednesday, with intraders unwilling to get stuck with high priced inventory in a seasonally slack demand period in market. More Information about MCX gold price visit my site mcx-trade-tips.blogspot.com

MCX is one of the India`s largest Commodities trading exchange which is promoted by Financial Technologies (India) Ltd, MCX enjoys the confidence of blue chips in the Indian and international financial sectors. MCX’s broadbased strategic equity partners include, NYSE Euronext, State Bank of India and its associates (SBI), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Ltd. (NSE), SBI Life Insurance Co. Ltd., Bank of India (BOI) , Bank of Baroda (BOB), Union Bank of India, Corporation Bank, Canara Bank, HDFC Bank, Fid Fund (Mauritius) Ltd. - an affiliate of Fidelity International, ICICI Ventures, IL&FS, Kotak group, Citi Group and Merrill Lynch. These credible promoter and groups which back MCX adds to the reputation it enjoys in the MCX Markets amongst the traders and the brokers. Recently after the huge success of the Indian Commodities Exchage, MCX has launched the MCX-SX which is the currency trading exchange for INRUSD. MCX-SX’s product is a currency futures contract. .

Naveen Mathur of Angel Broking recommends buying nickel at Rs 930-936 with a stop loss at Rs 918. "We are expecting targets in the range of Rs 952-956 for the day," he said. Ashish Shah, Sushil Global Commodities expects copper to trade in the range of Rs 408 to Rs 408.50 on the lower side to about Rs 415-418 on the higher side for the week. "We believe Rs 408 should now be a strong support for atleast a day or two," he said. More information about MCX Tips visit my site mcx-trade-tips.blogspot.com

Silver prices on MCX were trading higher. At 16:08 hrs MCX Silver November contract was trading at Rs 62442.00 up Rs 311.00, or 0.50%. The MCX Silver price touched an intraday high of Rs 62470.00 and an intraday low of Rs 62135.00. So far 31317 contracts have been traded. MCX Silver rate have moved up Rs 1552.00, or 2.55% in the November series so far. More information about mcx silver visit my site mcx-trade-tips.blogspot.com

A sharp rally in MCX gold at the end of last week prompted a wave of scrap selling in India and elsewhere in Asia as market participants took advantage of higher prices, while fresh buying was sluggish on Wednesday. More information about free mcx tips visit my site mcx-trade-tips.blogspot.com

MCX Gold: On a weekly basis, Spot MCX gold prices increased around 3.5 percent after bouncing back from a low of $1531/oz. Investors preferred MCX gold as a safe haven asset for investment on the back of rise in risk aversion in the global markets. However, further upside in prices was restricted on account of strength in the US Dollar Index (DX). The yellow metal gained around $64 in the last trading day and closed at $1626.64/oz. More Information about MCX gold tips for today visit my site mcx-trade-tips.blogspot.com

Last day Of Week At 14:09 hrs MCX GOLD June contract was trading at Rs 28940.00 down Rs 208.00, or 0.71%. It touched an intraday gold high of Rs 29130.01 and an intraday low of Rs 28915.00. So far 2750 contracts have been traded. More Information about Free mcx gold price visit my site mcx-trade-tips.blogspot.com

MCX Gold dipped to a one-week low on Wednesday, tracking a weaker euro on heightened worries about the euro zone debt crisis as Spain's borrowing costs spiralled towards unsustainable levels. More Information about MCX tips visit my site mcx-trade-tips.blogspot.com

MCX Gold tracked the euro lower on Friday en route to its weakest monthly performance since December, pushed down by fears the debt crisis in Europe could spiral out of control and trigger a global economic slowdown. More information about free mcx tips visit my site mcx-trade-tips.blogspot.com

Spot MCX Gold extended its previous session’s spiky sell off, undermined by a strong US dollar and concerns over the outcome of Euro Union meeting this week. In today’s early trade, the Euro edged lower near around four month lows while the dollar surged and hit a 20 month crest against most of its peers.

Investor worries over a possible exit of Greece from the Euro region and its impacts on the global economy pressurized the currency and raised the safe haven appeal of US dollar. More Information about gold tips for today visit my site mcx-trade-tips.blogspot.com

Demand for MCX gold in India, one of the world's top consumers, remained subdued on Monday as local prices rose tracking overseas gains and as the rupee hit a new all-time low against the dollar. More Information about mcx gold price visit my site mcx-trade-tips.blogspot.com

MCX Gold prices clawed their way out of bear market territory Thursday as June NYMEX gold futures spiked over USD 40 to more than USD 1576 an ounce, posting the biggest one-day gain of the year. In the previous session, MCX gold plummeted to its lowest price in 10 months, dropping 20% from its all-time high above USD 1900 to a USD 1527 intraday low. Technical analysts say that low may have sparked the rally. More Information about mcx tips visit my site mcx-trade-tips.blogspot.com

After falling five of the last six trading sessions, MCX gold has given up all of its gains for 2012, settling at its lowest price of the year. With financial turmoil in the euro zone and global growth slowing, market watchers are starting to ask, what is driving the price of gold lower? More Information about free mcx tips visit my site mcx-trade-tips.blogspot.com

MCX Silver prices were trading lower in Ahmedabad, Delhi and Jaipur markets, while trading higher in Mumbai and Chennai market.More information about Free mcx silver visit my site mcx-trade-tips.blogspot.com

Today MCX Gold is basically back to breakeven for the year, and analysts say the precious metal looks set to go even lower.June gold futures plummeted USD 35 an ounce Tuesday to end the session at USD 1604.50, after briefly dipping to USD 1595.50, the lowest settlement and intraday price for gold since Jan. 3. More information about Free mcx gold visit my site mcx-trade-tips.blogspot.com

Ashish Kyal of CommTrendz suggests promoting raw on rallies until Rs 5,300-5,321 per gun barrel with a stop-loss of Rs 5,400 per gun barrel and a focus on of Rs 5,100 per gun barrel. More Information about mcx gold price visit my site mcx-trade-tips.blogspot.com

At the Multi Commodity Exchange of India (MCX), Gold and Silver are trading up on Thursday subsequent to US Fed statement hinted at possible monetary easing if needed.

According to our "MCX Tips" Experts the prices are constantly trading above 5 quarter EMA (Exponential Moving Average) from year 2005 to till date. MCX Prices are having good support at Rs 27210 levels and strong resistance at Rs 31566 levels. Recommendation is to buy Gold in any form in Futures (In MCX) or Gold ETF (In NSE) for the target of Rs 31210 / Rs 31578. On the MCX, Gold June contract rose around 0.5 percent as a weaker Rupee led gain on the domestic platform and touched an intra-day high of Rs.28,873/10 gm.

MCX GOLDGUINEA April contract was trading at Rs 23119.00 up Rs 62.20, or 0.27% and touches an intraday high of Rs 23080.00 and an intraday low of Rs 22964.00. So far 5784 contracts have been traded.

MCX SILVERMIC April contract was trading at Rs 56290.00 up Rs 109.00, or 0.19% and touches an intraday high of Rs 56294.00 and an intraday low of Rs 55990.00. So far 35465 contracts have been traded.

MCX GOLD April contract was trading at Rs 28843.00 down Rs 3.01, or 0.11% and touches an intraday high of Rs 28841.00 and an intraday low of Rs 28820.00. So far 29157 contracts have been traded. More Information about Free mcx gold visit my site mcx-trade-tips.blogspot.com

Silver rises, MCX silver resistance at Rs.53810
Silver under pressure, MCX resistance at Rs.52760
MCX Silver weakens, resistance at Rs.53240-53343

Silver is in demand more and more as manufacturing and raw silver are needed, increases its level something that was previously held back by economic strain. Silver is on par to keep up rises due to upturn of the economy as well as ongoing investors driving up the price of gold. Silver could very easily surpass previous year’s high of $50 an ounce in the near future through improved investments and an economic rebound in the leading countries.

MCX GOLD June contract was trading at Rs 28548.00 up Rs 19.20, or 0.07%. And touches an intraday high of Rs 28515.00 and an intraday low of Rs 28458.00. So far 8496 contracts have been traded.

MCX GOLD August contract was trading at Rs 28854.00 up Rs 18.00, or 0.07% and touches an intraday high of Rs 28808.00 and an intraday low of Rs 28785.00. So far 192 contracts have been traded.

Our MCX Tips Experts has come out with weekly technical report for the period of 09.04.2012 to 13.04.2012. MCX Gold June can sell between Rs 28450-28500 with stop loss of Rs 28700 for target of Rs 27890. More information about free mcx tips visit my site mcx-trade-tips.blogspot.com

MCX Gold and Silver Trend For Today:

Silver bulls might be hoping that the metal's healthy first-quarter price go up is the first step back towards record highs. Not so fast. Its advocates say silver, which grab a middle ground between the industrial metals like copper and investment vehicles like gold, can benefit both from the hatching economic recovery that is lifting copper and from the investment that is driving gold.

MCX Silver May contract opened higher hitting a high of Rs 56989, but has moved down ever since and is currently trading at Rs 56780, down 0.10% and COMEX silver contracts are also trading down.

Silver markets predicts have cooled off and there shortage of any interest for investing in silver. And this absence of any major fundamental news might turn investors to look for technical opportunities. Our Experts has recommended a buy signal on Silver for intraday trade on Monday
MCX silver May support Rs 55858/Rs 56320 , resistance Rs 57360/Rs 57989

"MCX Gold and Silver Updates Tips For Day"

The Gold demand from India, the world's biggest buyer of the yellow metal, stayed muted as jewelers’ protests entered their thirteenth day. The Buying is very dull... jewelers are waiting for something positive to happen from the government. Indian jewelers, who started their strike on March 17, have been demanding removal of excise duty on unbranded jewellery and partial removal of import duty that was proposed in the budget.The Gold for April delivery on the Multi Commodity Exchange (MCX) was flat at 28,196 rupees per 10 grams. Silver for April delivery was also steady at 56,617 rupees per kg. More Information about MCX Gold Tips visit my site mcx-trade-tips.blogspot.com

Gold the precious metals at the Multi Commodity Exchange of India (MCX) may trade lower on report of continuing positive sentiment in the market with regard to the global economy. MCX gold April contract is trading at Rs 589 down a marginal 0.032% as of 10:49 AM IST while MCX silver May contract is trading down by 0.01% at Rs 785.The present month and near month COMEX gold and silver contracts are also trading higher for the day

The Gold prices may target Rs 30,000 in the coming week due to Indian demand boosted from the occasion Akshaya Tritiya and as such it would be a good idea to buy gold before the auspicious day according to our "MCX Tips" Experts.

Akshaya Tritiya Demand
Akshaya Tritiya is on April 24 expected to boost the Indian physical demand. As in India many gold dealers are protesting over the recent hike in gold import duties as physical gold demand "remains low. Recently Indian government has doubled the import duty of gold. But it is expected that demand will pick up in near term as the Akshaya Tritiya festival will be celebrated in late April and it is second-biggest festival for buying gold.

MCX Silver:
Silver was moving higher previous session as euro surged against dollar but now it fall again In today's session Silver May contract at MCX trading at Rs 57059, down by 1.26 percent by 16:09 IST and touches an intra-day low of Rs 57854.

MCX SILVER May contract was trading at Rs 57015.00 down Rs 137.00, or 0.20%. It reached an intraday high of Rs 57182.00 and an intraday low of Rs 57030.00. So far 9209 contracts have been traded.

MCX SILVER July contract was trading at Rs 59167.00 down Rs 141.00, or 0.23%. It reached an intraday high of Rs 58650.00 and an intraday low of Rs 59587.00. So far 240 contracts have been traded.

GOLD (April)
Due to Budget proposal on Friday, smart rally at higher-side but yet again the selling pressure results in closes nearly 28810. But for present consider resistance at 28910-28210 reversal to sell side. The Trend Decider weekly 27820 to watch out.
For today Higher level resistance 28260-28231 watch out and support at 28100 in the near term and Short-term trend is bullish.Below 1710-1720.12, target 1665, 1650 and then 1610 mark easily.

"Trade Tips" for Gold and Silver For Today:

Today "MCX silver prices" are currently trading close to an all important support level of Rs 58600. The May contract opened at Rs 59200 on Wednesday, down from Rs 59926 from the March beginning The MCX silver chart show the support at Rs 59600.As china is a major buyer of silver for investment and industrial purposes but disappointing trade balance might all weigh heavily on silver prices.

Today's "MCX Trade Tips For Gold "

MCX GOLDM April contract was trading at Rs 27975.00 down Rs 110.00, or 0.38% and touches intraday high of Rs 27889.04 and an intraday low of Rs 29173.00. Subsequently far 23810 contracts have been traded.

MCX GOLD (April)
After the current instability in gold, few market participants believes that it could see a rebound next week and overall their tone is cautious given jitters in the Middle East, technical charts .In previous week a little support was seen at lower level at 28180 and in the last made a high of 29334 and closed below 27824. The short-term trend is good and sharp decline to buying opportunity. For the present week, trend decider 28180 to watch out. Higher-level resistance considers at 29510, after that shows some strength and power.

"MCX Silver Price" for Today:

The white metal still remained the best precious metals, and gained 17.25 percent uptill yesterday."MCX Silver" May contract opened at Rs. 57879 and remains in a range bound within Rs. 58290 to Rs. 581400. It has broken down the important resistance of 58410 today and currently balanced around Rs. 59860 after making a high of Rs. 59604.

For now, after seeing and studying the 1hr Chart of silver it is found that it has formed a appropriate platform above Rs. 57227, but if the market is not closing below this level do not expect further downfall. More Information about Free mcx silver visit my site mcx-trade-tips.blogspot.com

GOLD (April)
In the last week, at higher level of 28878, sudden panic was seen as a result of which, it made a low of 27730 and close above 28910 indicates some support at lower level. In this week, resistance considered at 28410, crossover successfully and little positive side cannot be ruled out. Downside support at 28710 to watch out.
For Today consider resistance 29100-28360, not able to cross and sustained above, further break 28810 with volume real panic will start and may test .Closely eye 29155.

"MCX Gold Trading" Strategy for Today:

MCX gold falls, resistance at Rs.2880-29331
MCX gold gains, resistance at Rs.28915-28978
It holds small intraday profit but with some tight stop-loss
There is Possibility of move up in coming days and hold long position.

"MCX Trading" Tips: Gold futures recovered from lows under $1770 per ounce today for quoting around $1780 per ounce mark on bargain hunting.

MCX GOLD GUINEA February contract was trading at Rs 22706.00 down Rs 14.10, or 0.07% and touches an intraday high of Rs 22727.00 and an intraday low of Rs 22918.00. So far 1581 contracts have been traded.

Silver is well-known volatile, white metal had a delighted performance since the beginning of the year 2012. Silver is one of the top players for the month of January 2012 which returns handsome more than 19.36% at the international frontier. More information about MCX Silver visit my site mcx-trade-tips.blogspot.com

Though, at MCX, rupee appreciation has limited the upside.In the latest US CFTC commitment report of traders report, profitable net short positions have been gradually increasing while large speculators are steadily adding to their net long positions. Commercial are commonly hedgers while large speculators are big banks, institutions and HNI.

Today MCX Silver Looks good and decline to buy opening after making a high of 57210 and above, was not able to sustain and made a low of 55851 and close above 56220. As long as holds the 55110-level, trend is positive and buying opportunity. Higher-level major breakthrough above 57540 if crossover with volume.

GOLD (April)
The overall trend is sideways for today but any decline to buy opportunity. In the last week it made a high of 28341, a low of 27568, and is managed to close above 291400 indicating small trading range. Any dip to buying opportunity considering resistance 28510.

MCX GOLD April contract was trading at Rs 28775.00 down Rs 151.00, or 0.61% and touches an intraday high of Rs 28082.00 and an intraday low of Rs 28158.00. So far 9899 contracts have been traded.

MCX GOLD June contract was trading at Rs 27412.00 down Rs 161.00, or 0.63%. Touches an intraday high of Rs 29477.00 and an intraday low of Rs 28415.00. So far 283 contracts have been traded.

MCX Tips for Today:

GOLD (April)
The overall trend is sideways and in the last week Gold made a high of 29611 and a low of 25808, and finally succeeded to close above 28394. In this week support is at 28190-28110-27890, higher-level crucial resistance within the 28620-29500 range and crossover will move more towards 28800+.

India gold futures are expected to open higher, recovering from Friday's sharp losses, following a related trend overseas, our MCX Tips expertise said.

MCX GOLDPETAL March contract trades flat:

MCX GOLDPETAL February contract was trading at Rs 2838.00 unchanged and touches an intraday high of Rs 2881.00 and an intraday low of Rs 2871.00. Thus 51194 contracts have been traded.

GOLD (April):It was mentioned in the last week that 27300 is a strong support and extra faintness is there below that level. However it made a low of 27280 and a severe recover resulted in it making a high of 28194 and lastly closed near to weekly high. The overall short-term trend is bullish and considers support at 27840-27610 and resistance at 28300 in coming days. Buy on decline strategy.

MCX Gold Support and Resistance:
R3 R2 R1 S1 S2 S3
28051 28030 28010 27972 27954 27934

MCX SILVER February contract was trading at Rs 56236.00 down Rs 252.00, or 0.47% and it touches intraday high of Rs 56748.00 and an intraday low of Rs 55161.00. Thus 41681 contracts have been traded.

MCX SILVER April contract was trading at Rs 56468.10 down Rs 229.00, or 0.40 and touched an intraday high of Rs 57935.10 and an intraday low of Rs 56361.00. So far 2662 contracts have been traded.

MCX Gold Price:

MCX gold surges, Resistance at Rs. 2758515-27815
MCX gold declines, resistance at Rs.27805-27796

MCX Prices for Today:

Gold Trend:

Buy Gold till Trading above 27350.15, Sell Gold Below 27810.12

Silver closed the session through a cut of close to 1%. Silver closed below at the Rs. 52240 levels. Failure to close above this key near term average will see silver prices progressively testing downside levels of Rs. 51701.47 levels. Whole price Silver structure remains bearish and traders must use pullback rallies towards resistances for holding short positions. The Rs. 52612 —Rs. 53040.89 levels are very firm resistance for silver.

GOLD:
Dollar Index relocated due to Euro zone worries and ended a 52-week high of 81.60. The Dollar Strength and fresh up side break out turned out to be a bad news of Commodity market and fright on selling cannot be ruled out.Few volatility was seen during last week, which results in it making a low of 27272 and high of 27945.54, and finally closed at 27765.25. The whole short-term trend is positive and decline to buy side as long as holds 27501-27201, higher-level stiff resistance at 28250-28300 and fresh buying only above that level. Reversal to sell side.