QUOTE(BullionMCX.Com @ Oct 17 2011, 04:30 AM)
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1655 $ an ounce, then above 1695 $ it can test the level of 1710$/1735 $ an ounce. Mcx Gold Tips
: MCX Gold
above 26930 it can test the level of 27100- 27250-27450. Trade by keeping the strict stop losses. Major support for COMEX Gold in the coming week is 1530$ and 1470$. Major resistance for COMEX Gold in the coming week is 1840$ and 1880$ Major support in MCX Gold is 24900 and 24500 Major resistance in MCX Gold is 28300 and 28800. BullionMCX
In weekly trend gold, silver in looking weak. Both gold and silver don't break its resistance level from last 2 weeks. Its trade only in bound range. I think Silver once must be test 49500 in Indian rupees.