Tuesday 22 May 2012

MCX GOLD STRTEGY, COMMODITY LIVE TREND, SUPPORT TODAY 22 MAY 12

Increased of gold and silver in the international market also is supporting in domestic market. Today MCX Gold and Silver has introduced positive note in early morning.
  
MCX Gold Update Today
MCX Gold with June contract has opened positive at Rs 29068 and we might see bullish trend in current moment. First day of the week MCX Gold was closed 29035.

 Now it is trading above 0.06 percent with 29052 at around 10.30 Am. We can’t clarify position of gold that what will be next step its. We can say it is showing fully consolidate position.
MCX Gold support Zone is 29917.3 to 2878.8 and resistance is 29152.9 to 29312.1.
Gold Tips: Buy MCX Gold with June contract Above 29060.  
Targets- 29073, 29087.  
Stop loss- 29043.
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