04 January 2012

MCX Tips Daily Trend


MCX Gold prices seen strong resistance at 27750-27800. Gold Prices are expected lower around 27500. For the day looks to trade within the range of 27450-27800. Oscillators are turning positive. Silver prices tested the resistance area around  53500-53800, one can expect profit booking and witness selling pressure on the counter. Prices can test  52550 - 300 which  seem to act as a support. having a positive cross over. 

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