MCX Trade Tips

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