Mcx Market News

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Today's Trends:

GOLD

Trend updated for-Jan/12/2013.CMP-30757 Overall trend of the Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above31316 or buy with strict stop at 30496. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Immediate support for Gold is 30496.Resistance for the Gold is 30966-31015-31028-31340-31375-31381-

SILVER:

Trend updated for-Jan/12/2013.CMP-58122 Overall trend of the Silverm is bearish for medium-long term .Currently Silverm is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silverm if it close above59819 or buy with strict stop at 56618. The oscillator is showing BUY signal For short term Silverm is in HOLD LONG position.Positionally Support for the Silverm is 57857-.Resistance for the Silverm is 58478-58999-60575-60887-61144-

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