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Showing posts with label MCX Gold Tips. Show all posts
Showing posts with label MCX Gold Tips. Show all posts
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 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
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 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.
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 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
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.
MCX Gold price 26836.0
MCX Silver price 50218.0
MCX Silver prices have broken through a downtrend channel line . Near month March contract is at Rs 49,422
MCX Silver price 50218.0
MCX Silver prices have broken through a downtrend channel line . Near month March contract is at Rs 49,422
Gold
R3 | R2 | R1 | S1 | S2 | S3 |
27954.10 | 27855 | 27754.25 | 27544 | 27434.89 | 27334.69 |
Silver
R3 | R2 | R1 | S1 | S2 | S3 |
53611 | 53306.58 | 53003.58 | 52492 | 52284 | 51981.25 |
Gold futures have been trading in a much tighter range than usual during current sessions. It is a turnabout from large volatility over the past several months, said our share tips expert.
Analyst with our MCX Tips Expertise said, “The gold volatility indexes GVX and GVZ have moved into the mid-20s, down over 15 points from recent highs. Traders are being struggling between a number of market forces that have pulled the market in different directions. An uncertain economic outlook and the firm dollar have weighed on metals prices.”
“Technically, February gold’s trading range continues to tighten, forming a large wedge. The market direction is not known, however the elevation of the section or triangle suggests that the potential move could be explosive,” share tips experts concluded.
Analyst with our MCX Tips Expertise said, “The gold volatility indexes GVX and GVZ have moved into the mid-20s, down over 15 points from recent highs. Traders are being struggling between a number of market forces that have pulled the market in different directions. An uncertain economic outlook and the firm dollar have weighed on metals prices.”
“Technically, February gold’s trading range continues to tighten, forming a large wedge. The market direction is not known, however the elevation of the section or triangle suggests that the potential move could be explosive,” share tips experts concluded.
Yesterday it is predicted that all MCX Commodity Market products were closed at negative prices. But now all are trading at positive prices. MCX Gold is trading above Rs. 28,900 and MCX Silver is trading near at Rs. 55,700. Also MCX Copper is trading at higher prices today, it is trading above the level of Rs. 400. Our Commodity Tips and MCX Tips expertise assumes that MCX Gold, Silver, Copper, Crude all are trading at higher price today and all base metals are trading flat.
The downtrend realized in Copper has vanished away due to weakening dollar. LME copper has reached up to $8000 per ton.. On MCX, aluminum, nickel, lead and zinc are trading with a rise of more than half per cent. On domestic market also Copper with nearly 1.20% rise, is trading around 409.50. Other Metals are also gaining
Copper can buy at above 409.50 for TG- 412.50 Stop loss below 406.
The downtrend realized in Copper has vanished away due to weakening dollar. LME copper has reached up to $8000 per ton.. On MCX, aluminum, nickel, lead and zinc are trading with a rise of more than half per cent. On domestic market also Copper with nearly 1.20% rise, is trading around 409.50. Other Metals are also gaining
Copper can buy at above 409.50 for TG- 412.50 Stop loss below 406.
