Mcx Gold Tips Today Mcx Silver Levels and Trend Today

Mcx Gold Tips Today Mcx Silver Levels and Trend Today 17 October 2011

Mcx Gold and Mcx silver showed some consolidation on Friday as they went upwards at the close. Some buying is seen in Mcx gold and Mcx silver at this level which resulted in
positive trend.

Mcx Gold Today (Dec) – Mcx Gold august contract which will expire on 5th Dec 2011.gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:

RESISTANCE: R1-26950 R2-27150
SUPPORTS: S1-26700 S2-26350

Mcx Silver Today (Sep) - Silver closed at 53405. Mcx silver traded in bullish mood with heavy intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE: R1-53500 R2-53950
SUPPORTS: S1-52950 S2-52500