11/14/2011 02:18:00 PM
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MCX Commodity Weekly Outlook: Tips Levels And Strategy| Gold Silver Trading Trend Weekly Report:
MCX Gold Tips, Levels & Strategies: COMEX Gold is in a technically consolidating on charts. Last week COMEX Gold was trading on upside and closed near to its week high. In the coming week 1650$ will act as a major support in
MCX Gold Support Resistance Levels:
R3-1911 R2-1844 R1-1816 PP-1776 S1-1748 S2-1708 S3-1640
Strategies For The Week:
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1780 $ an ounce, then above1805 $ it can test the level of 1820$/1835$/1855$ $ an ounce. And in MCX Gold above 29080 it can test the level of 29280/29480/29680. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1700$ and 1600$.
Major resistance for COMEX Gold in the coming week is 1840$ and 1900$
Major support in MCX Gold is 28000and 27100
MCX Silver Tips, Levels & Strategies: COMEX Silver is technically in a slightly upward for short term. Last week COMEX Silver was trading in a range for the whole week. For the upcoming week 3000$ and 2800$ are the crucial supports and 3800$ and 4100$ are crucial resistance in COMEX Silver. In MCX Silver, 62000 and 65000 will act as major resistance and 52000 and 48000 will act as major supports.
MCX Silver Support Resistance Levels:
R3-3882 R2-3660 R1-3564 PP-3438 S1-3342 S2-3216 S3-2994
Strategies For The Week: Technically COMEX Silver is consolidating on charts. For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3530$ an ounce, then above 3560$ COMEX Silver can test the level of 3660/3720$ an ounce. And in MCX Silver sustains above 58300 then it can test the level of 59200/60500, Trade by keeping the proper stop losses.
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