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MCX Gold is trading down about 1 percent. Mcx Silver is a dull business. MCX Gold is trading at 27 619 rupees per 10 grams on. However, with small edge on MCX silver is close to 58,000. Mcx Gold may get affected by the global cues a strong US Q3 GDP spurred investor confidence in the world’s largest economy. Q3 2011 GDP at 2.5% is the strongest of the year. First time unemployment claims in the US fell by 2000 to 402,000 for the week ended Oct 22 as per data by the Labor Department. These news may give the investors added support and relief which will result into the weaken demand of the Gold. However base metals and precious metals rallied almost for the fifth week in row. Mcx Gold Tips
Mcx Gold (Dec) – Mcx Gold December contract’s Resistance and support levels for the next trading session are:
RESISTANCE: R1-27915 R2-28025
SUPPORTS: S1- 26864 S2-26785
Mcx Silver (Sep) – Mcx silver Dec contract’s expected resistance and support level for today trade are as follows.
RESISTANCE: R1-58885 R2-59600
SUPPORTS: S1-56140 S2-55020 Bullion Mcx
Mcx Gold (Dec) – Mcx Gold December contract’s Resistance and support levels for the next trading session are:
RESISTANCE: R1-27915 R2-28025
SUPPORTS: S1- 26864 S2-26785
Mcx Silver (Sep) – Mcx silver Dec contract’s expected resistance and support level for today trade are as follows.
RESISTANCE: R1-58885 R2-59600
SUPPORTS: S1-56140 S2-55020 Bullion Mcx
