MCX Trade Tips

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.