MCX Gold silver trading strategy for today

MCX Gold Silver Update:

India is the world's largest gold and silver importer. India gold and silver imports declined sharply in April this year, as per latest official figures. 

In the international market weakness effect in the domestic market is being witnessed in gold and silver. MCX gold and silver is to get pressure. MCX gold and silver has been a sharp decline. MCX gold is trading at 29850, while silver trading at 54320 with 0.3 percent fall.

Gols silver Trading Strategy: 

Due to decline gold import MCX gold and silver is to get pressure. our expert recombination for sell Gold below it support levels.

Copper tips:

SELL COPPER JUN BELOW 397 TARGETS 395.5 , 394 , 392.5 STOPLOSS 400

Crude Oil tips:

SELL CRUD OIL JUN BELOW 4535 TARGETS 4520 , 4505 , 4490 STOPLOSS 4565 

MCX Silver Strategy Today 28 April 2012

Precious commodity Silver is showing negative view today. In previous it has introduced negative at Rs 55908 and its highest touched 55929 today, yet do not recover them position. Last trade of MCX Silver was closed down at Rs 55983 on Friday.

 

Silver Trading Strategy Today:-

Sell MCX Silver with May contract below 55920.

Targets- 55893, 55857

Stop Loss- 55953

MCX Silver Current level

Resistance – 56405.7 to 57233

Support- 55561.3 to 54743.5