Gold remaining sluggish for the day showing the sign of a drift positive movement while silver has to face a decline along with base metals and crude oils on the back of weak global cues. Gold on MCX has suffered nearly 2.40%. Though the technical charts showing a negative trend in silver but a pull back rally towards 56000 can not be ruled out. Technically, Seeing the today's momentum we can expect prices to drop down till 53800-53200. While for a strong upside trend, silver will have to breach 56000 level. The same is acting as a stiff resistance for this commodity. For day trading you can Sell silver at 54500 for the targets of 54200-53800. Do remember to keep strict stop-loss when you go for risky trading.
Showing posts with label Gold Silver Trading Tips. Show all posts
Showing posts with label Gold Silver Trading Tips. Show all posts
Live Silver Updates and Trading Tips
MCX Gold Silver Reoprts- Bullion Updates
The Downward trend seen today in Gold may be continue till 22000 and a major sell off could be seen below this level. Above 22360-80 Gold might catch upside momentum and can go upto 22600 levels. For Intraday its is advised to Buy Gold July Contract only above 22360 Target-22400-450-500 SL-22230
else below 22230 go for sell targets-22000-21900-850
Silver MCX July is still trading in consolidated mode between the range of 58500-56600 from last five days. The near term seems to be range-bound Intraday trend is bearish. Below 56700 Silver might fall down to 56000-55200 while above 57900 Silver may catch the rally to test 59000 level.
else below 22230 go for sell targets-22000-21900-850
Silver MCX July is still trading in consolidated mode between the range of 58500-56600 from last five days. The near term seems to be range-bound Intraday trend is bearish. Below 56700 Silver might fall down to 56000-55200 while above 57900 Silver may catch the rally to test 59000 level.
