MCX Gold Trend Levels for Today – BullionMCX.com
Gold continued another session of range bound trading and the MCX Gold commodity traded between 29200-29400 levels. MCX Gold has broken the up trend and it has slipped below the 29400 levels, holding below we may soon witness testing of crucial supports below 29200. Gold will witness strong resistance above 29450 any up move will open the resistance of 29600. The outlook is negative and clo...se below 29200 will gradually open up levels of 28900 in the coming sessions.
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MCX Tips Free Trial by BullionMCX.com with MCX Gold Trend To
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MCX Gold & MCX Silver Trend Trading Levels by BullionMCX.com
MCX GOLD (October): Gold edged down 0.5% while other precious metals posted gains of 1.1% for silver and palladium and 0.4% for platinum. On Friday, gold prices for December delivery jumped $18.60, or 1.2%, to$1,609.30 an ounce. The yellow metal traded between an intraday low of $1,588.50 and a high of $1,609.90. Gold has gained 2.7% in 2012.Gold hit Wednesday and then Thursday over disappointment that the Federal Reserve and ECB failed to offer investor-desired stimulus measures after monetary policy meetings. Resistance and support levels for the today’s session for Gold OCT contract 2012 are: MCX Gold - Trend Consolidate, MCX Gold trading levels for today 06 August 12 – Support - 29810, 29720. Resistance - 30050, 30200.
MCX SILVER (September): Silver rebounded sharply Friday after three straight daily losses, and silver managed to cross into positive territory this week. Silver prices for September delivery rallied 80.6 cents, or 3.0%, to $27.801 an ounce. Silver ranged from $26.990 to $27.895.Silver is Expected resistance and support levels for today trade are as follows. MCX Silver - Trend Consolidate MCX Silver trading levels for today 6 August 12 - Support - 52910, 52530. Resistance - 53770, 54230.
MCX GOLD (October): Gold edged down 0.5% while other precious metals posted gains of 1.1% for silver and palladium and 0.4% for platinum. On Friday, gold prices for December delivery jumped $18.60, or 1.2%, to$1,609.30 an ounce. The yellow metal traded between an intraday low of $1,588.50 and a high of $1,609.90. Gold has gained 2.7% in 2012.Gold hit Wednesday and then Thursday over disappointment that the Federal Reserve and ECB failed to offer investor-desired stimulus measures after monetary policy meetings. Resistance and support levels for the today’s session for Gold OCT contract 2012 are: MCX Gold - Trend Consolidate, MCX Gold trading levels for today 06 August 12 – Support - 29810, 29720. Resistance - 30050, 30200.
MCX SILVER (September): Silver rebounded sharply Friday after three straight daily losses, and silver managed to cross into positive territory this week. Silver prices for September delivery rallied 80.6 cents, or 3.0%, to $27.801 an ounce. Silver ranged from $26.990 to $27.895.Silver is Expected resistance and support levels for today trade are as follows. MCX Silver - Trend Consolidate MCX Silver trading levels for today 6 August 12 - Support - 52910, 52530. Resistance - 53770, 54230.
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