Market Update

Market Watch

Thursday 25 April 2013

Mcx Gold Market Update



Mcx Tips Gold Silver Trend for Today

GOLD:
Trend updated for-Apr/25/2013.CMP-26388 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 SELL signal .In last 5 days volatality is very less Buy the Gold above 26648 or buy with strict stop at 25591. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Support for the Gold is 26042-.Resistance for the Gold is 27259-28159-28931-29410-29788-

SILVER:
Trend updated for-Apr/25/2013.CMP-42892 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Silver is now trading in highly oversold level. The Silver is now trading in highly oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 42169.Resistance for the Silver is 44188-46610-48998-51786-53601-54918-

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