Wednesday, 30 May 2012

Strategy for Gold Silver trading

Gold Silver Update:
This week will be on U.S. economic data much of the focus for gold and the implications for future monetary policy from the Federal Open Market Committee. In the international market gold little upside and silver trading is slow. With a marginal decline on MCX gold is trading at Rs 28857. While silver has been around 0.5 per cent fall to Rs 53856.

Gold Trading Strategy:
In domestic market both Gold and silver are consolidate trend you may sell gold and silver on high. If gold Cross this levels 28879 it may go up side you may buy above this level, and strong support level is 28794.
SELL GOLD JUN BELOW 28840 TARGETS 28817, 28790, 28764 STOPLOSS 28883


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