Mcx Gold and Mcx Silver both went down after the opening after Global concerns and MF Global fileing for Bankruptcy. It was also due to profit booking where Mcx Gold and Mcx Silver gave a tremendous return in diwali. Mcx Gold Tips
Mcx GOLD (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: R1-27650 R2-26950
Supports: S1-27150 S2-26850
Mcx SILVER (Sep) - Mcx Silver closed at 56427.00.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
Resistance: R1-56750 R2-57100
Supports: S1-56100 S2-55750 Bullion MCX