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04-02-13 Intraday MCX commodity market tips

Discussion in 'Technical Analysis' started by dipali, Feb 4, 2013.

  1. dipali

    dipali New Member

    Nov 22, 2012
    Likes Received:
    Today in commodity market in red side, gold showing strong downwards trend on MCX. On MCX gold is expected to trade in the range of 30345- 29750. Currently on the opening day gold is looking very volatile for this week. While white metal on MCX opens at 58195 its last close is 58418, silver touch an intraday high of 58349 and low of 58195. Currently silver walking with bearish trend on MCX, silver have a good support level of 56650 with a resistance of 59160.
    Buy gold above 30050 tgt 30100, 30200…30300………sl 29815
    Sell silver below 58300 tgt 58240, 58165, 58100…58000…..sl 58968
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