MCX Tips Trend Strategy

International market gains in the domestic market, gold and silver have moved. Crude NYMEX and crude mcx gained at the market. MCX gold is trading at Rs 30,798 levels with a gain of 0.03%. The mcx silver is trading at Rs 58,416 levels up by 0.37 percent gain. MCX crude is trading with 0.31 percent gain on and crude oil is trading at price of Rs 5152 levels. The base metals are up at the market and all metals except aluminium are seen in green. Copper rose 0.27 percent currently trading at 446 Rs.

MCX Gold Trend Down Decline of 5% (Week)

Gold is not able to handle the move. Decline in the international market, the domestic market is also pressure on gold and silver. The gold is broken by approx 5 % at the market in week span. The weakness in gold is due to the strong dollar reported. At commodity market gold is in strong pressure and is Currently trading with a decline of 0.72 percent and is trading at Rs 30975 levels. While mcx silver has dropped also dropped near 0.75 % per cent and currently trading at 61,879. At the commodity market base metals are also looking weaker at MCX and  Base metals has weakened by 0.5 per cent. 

The precious metals have fallen in the domestic market. The weakness in base metals is also observed as mcx Copper dropped 0.6 per cent to Rs 442.85 with doing business. Copper on the London Metal Exchange due to the strong dollar is broken. 0.3 per cent to $ 8051 per tonne on the LME copper is trading at. Crude oil has dropped 11 per cent in 2012. The MCX crude oil dropped 0.5 per cent has come down to Rs 4,800. Investement Trust of India Investment Advice MCX Gold (February futures): Sell - from 31,200 to 31,240, stoploss - 31 310 and the target - 31100/31000 MCX Silver (March futures): Sell - from 62,300 to 62,400, stoploss - 62 600 and the target - 61900/61600

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MCX Gold Silver Showed Decline at the Market

The glint of gold in the international market is becoming less. In Comex gold to $ 1,700 an hour break. However, at the moment Comex gold is trading above $ 1,708. At the Indian market MCX gold is trading at Rs 31120  levels with a decline of 0.5 percent. MCX Silver while slipped around 1 per cent to Rs 61,300. MCX base metals has noted the decline at the market. MCX Copper is trading 0.2 percent higher at Rs 445.20. Aluminum has weakened 0.25 percent. Nickel, lead and zinc from 0.2 to 0.5 per cent is seeing weakness.

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MCX Trading Tips Gold Silver Range

MCX Gold have managed to hold the support of 31450 on closing basis. Today gold is trading in uptrend at the market. We expect the gold trading range from 31800 - 31450 for today. One can buy on dips with a closing stop loss below 31450. Silver prices are expected to remain sideways from 60300 to 61300 on can trade within the range with a positive bias. The silver is currently trading in a uptrend at 61102 price levels with a gain of 222 Rs. 

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MCX gold Silver Tips Free

Gold prices on the MCX closed at Rs.31,456 after touching an intraday low of Rs. 31,297 at Thursday trading session. Appreciation in the Indian rupee exerted a downside pressure on the gold prices. Today  gold is trading in a uptrend and currently up by 75 Rs.  MCX silver prices declined 0.8 percent and closed at Rs. 60,910/kg after touching an intra-day low of Rs.61,010/kg in yesterday’s session. Prices in the domestic markets fell taking cues from fall in the spot silver prices and appreciation in the Indian rupee.

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MCX Gold Silver Trading Range

MCX Gold December Contract is looking slightly positive for the day. Mcx gold is expected to find support near 31200 & 31090 and the intraday resistance can be seen near 31350 & 31460. Day traders are advised to buy mcx gold trading range is around 31200 levels intraday on dips. MCX Silver December contract is looking slightly negative for the day. Market may find support near 59000 & 58400 and intraday resistance can be seen near 59600 & 60200. Day traders are advised to sell intraday on rise. MCX silver is advised to buy.......

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