Archive for April 2013

MCX Tips Today: Sell Gold on Higher Levels

MCX Gold TipsU.s. gold Futures for June conveyance settled up Usd13.80 at Usd1,467.40 an ounce, with changing volume at about 50% of its 30-day normal. Gold costs were backed on any expectations of a rate cut by the Ecb and proceeded security purchasing system by Fed in the strategy meet tomorrow. Notwithstanding, moving physical request as Chinese business sectors are shut and surges from trade exchanged stores constrained the upside in costs.

Spdr Gold Trust, the planet's biggest gold-upheld trade bartered store's possessions fell 0.22 percent on Monday from Friday, while those of the biggest silver-supported Etf, New York's ishares Silver Trust Slv, rose 0.14 percent. Gold costs are liable to go down as physical request moderates and moguls might remain wary beyond the Ecb and Fed arrangement meet. Gold in India is likewise liable to go down and a stronger rupee might further put force on costs. Gold for June conveyance on the Multi Commodity Exchange (Mcx) was around 0.14 percent at Inr 27,151/10gms.

Gold Trend Today
At the current level MCX Gold is looking down today. However above the resistance level of 27447 it can move up to 27680, But below the support level 26886 it may fell up to 26449 level. We are suggest to sell MCX Gold on Higher Levels.

MCX Tips in Gold
MCX Gold (June): Sell- Rs 27150, stoploss- Rs 27350, target- Rs 26850.
Posted by Niti Mathur

MCX GOLD TREND AND CRUDE OIL UPDATES



MCX Gold Trend

Gold futures indicated a quieted response to information indicating U.S. grossdomestic feature missed the point of economists' wants in the first three months of the year. Fates at first added to their increases, yet came back to levels perceived after the discharge of the information Friday. Benefit booking from larger amounts held costs under force and settled on more level note. 
MCX Gold June fates contract is looking feeble on outline, day traders can offer on ascent Major backing is viewed in reach of 26750 , 26550 and 26420 While significant safety is viewed close 27050, 27180 and 27350 . 

Crude Oil Updates

MCX Crude oil had taken uphold from the climbing movement line of the triangular example. An in number bull close on week after week diagrams has affirmed that the succumb to 5517 is as of recently finished. The present infrastructure recommends that shortterm bull movement has sound and further ascent is presently in favor towards 5190 then 5316 levels, which is 61.8% & 72.8% Fibonacci levels of the later fall. Nonetheless, some benefit taking is wanted in starting sessions of the advancing week, one can use to collect new aches at 5020 levels. Week after week RSI has given an upside hybrid; supporting the bullish view. 
Posted by Niti Mathur
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