MCX
Gold & Silver Trend, Tips, Technical outlook for Today 1 August
2012
MCX
Gold Updates:-Spot
gold price in the market has once again gone beyond Rs 30,000. Gold
future is trading around Rs 29,900 in future market. However, decline
in demand of gold is still clearly visible in the commodity market.In
the international markets, spot gold traded on a steady note today
ahead of FOMC meeting scheduled tomorrow, on expectations that
Federal Reserve may provide some signals over stimulus measures. All
traders and investors are expecting that the demand of mcx gold has
been gone down by 35 percent due to the weakness in the mansoon.
MCX
Gold Support Resistance Level For Today
Buy
October contract of mcx gold at 30270 with Stop loss 30190 &
Target of 30370.
MCX
Silver Updates:-
Taking cues from upside in base metals pack along with rise in gold
prices, spot silver prices rose around 0.3 percent till 2.30 pm IST
today.
MCX
Silver Support Resistance Level For Today
Hence
We recommend you must Buy
mcx silver at 54130 with Stop loss of Rs. 53800 and Target of Rs.
54450.