Gold Silver Trend Today and Commodity Tips for 23 August

Gold - Silver Trend

The expectations of getting Bailout package to Eurozone has resumed the boom in commodity market. Comex Gold and silver have witnessed quite a good jump in prices. At the moment, comex Gold has climbed nearly 1.5% while Silver is trading up 2% in international Market.
Meanwhile on NYMEX with 0.5 per cent upside, crude oil is trading at 97.80 dollars a barrel . Brent crude on the ICE with a gain of 0.5 per cent trading at $115.50 a barrel.

On domestic front, Bullion metals are expected to trade higher on the back of strong global cues.
Intraday traders can follow tips below-

Commodity Tips for Today

MCX Gold (October Futures): Buy - 30250, stoploss - 30150 and the target - 30400

MCX Silver (September Futures): Buy - 55100, stoploss - 54900 and the target – 55500

MCX Crude has a buying target of 5400-5420 when accumulated above 5365.


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