Mcx Gold as usual was very strong among all the Metals Gold gave a powerful run and closed high. Mcx Silver too gave a positive rally with a hope that it can show 60000 levels again.
Mcx Gold Today (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: R1-29325 R2-29550
SUPPORTS: S1-28850 S2-28500
Mcx Silver Today (Sep) – Mcx Silver closed at 57985.silver traded in huge volatility. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-58200 R2-58500
SUPPORTS: S1-57750 S2-57350 Commodity Help