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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 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 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
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.
MCX Gold Price:
MCX gold edges higher, resistance at Rs.27626-27731.25
MCX gold weakens, resistance at Rs.27706.98-27835.54
MCX Silver Price:
Silver rises, MCX silver resistance at Rs.53701.20
MCX silver weakens, resistance at Rs.53230-53313.45
MCX gold edges higher, resistance at Rs.27626-27731.25
MCX gold weakens, resistance at Rs.27706.98-27835.54
MCX Silver Price:
Silver rises, MCX silver resistance at Rs.53701.20
MCX silver weakens, resistance at Rs.53230-53313.45
MCX Gold Price for Today: 27541.24.
MCX Silver Price for Today:52575.00.
Debt crisis may impact Gold negatively.Gold broke above its 200 day affecting typical triggering technical buying by trend following funds totaling to the bullish environment.
MCX Silver Price for Today:52575.00.
Debt crisis may impact Gold negatively.Gold broke above its 200 day affecting typical triggering technical buying by trend following funds totaling to the bullish environment.
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.
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.
Gold and Silver Trend
Buy Gold in Dips with SL below 27400.25 Target 28300.45.
Buy Silver above 53500.87 Target 55000.65.
Buy Gold in Dips with SL below 27400.25 Target 28300.45.
Buy Silver above 53500.87 Target 55000.65.
Resistance and Support level:
Gold
R3 28144.82
R2 27981.57
R1 27819.85
S1 27453.49
S2 27251.69
S3 27089
Resistance and Support level:
Silver
R3 55508.15
R2 54743.44
R1 53981.89
S1 51973.12
S2 50729.36
S3 49967
Gold
R3 28144.82
R2 27981.57
R1 27819.85
S1 27453.49
S2 27251.69
S3 27089
Resistance and Support level:
Silver
R3 55508.15
R2 54743.44
R1 53981.89
S1 51973.12
S2 50729.36
S3 49967
GOLD
Sell Gold on rises in range 27400.85-27499.58, SL 27750 TARGET 27000.
SILVER
Sell Silver on rises around 52000.11 SL 53000.85 TARGET 50000.78.
MCX Gold prices have dropped sharply at the mcx index. Gold also showing less volume in some trading session however it is expected from gold that it going to certainly attract investors and demand will increase due to lower prices
Sell Gold on rises in range 27400.85-27499.58, SL 27750 TARGET 27000.
SILVER
Sell Silver on rises around 52000.11 SL 53000.85 TARGET 50000.78.
MCX Gold prices have dropped sharply at the mcx index. Gold also showing less volume in some trading session however it is expected from gold that it going to certainly attract investors and demand will increase due to lower prices
Today’s MCX Gold price is 27329.25 and Silver price is 51029.38.
Gold and silver fell as investors constant to liquidate assets. Both precious metals had exhibited technical weakness. As such, increased technical selling may also have been a factor. Basically, PM's remain bullish since the Euro crisis and US slowdown is not expected to be over with any time soon. As such, most investors see the current decline as a sharp correction and expect to buy in when time favors.
Gold and silver fell as investors constant to liquidate assets. Both precious metals had exhibited technical weakness. As such, increased technical selling may also have been a factor. Basically, PM's remain bullish since the Euro crisis and US slowdown is not expected to be over with any time soon. As such, most investors see the current decline as a sharp correction and expect to buy in when time favors.
