Thursday, January 12, 2012

MCX Gold, silver tips jan 13 2012

MCX Gold, silver tips jan 13 2012 ; Gold futures at COMEX rose almost 1% traded near $1644 at four week high on safe heaven demand on EU economic growth concerns supported by high import demand from China.

China bought 102,779 kilograms, an all‐time high, from Hong Kong in November, up from 86,299 kilograms in October, according to the Hong Kong government.

Gold futures jumped to the highest in almost four weeks breaking $1630 heading towards $1650 whereas Silver traded above $30 near the critical resistance of $30.08, the sustainable trade may Lead white metal to $33 levels.

The domestic frontier could not hold that much strength due to stronger rupee. Gold futures at MCX traded steadied near Rs 27700 whereas Silver gained to 52800 leading towards the critical resistance of 53800. Comex gold, silver futures prices Technical analysis january 12 2012

We expect the bullion desk to held the uptrend trading in the positive range as the break up above critical resistances has given certain strength to the commodities which will supported by positive economic data expectations.

Gold: S1=27580, S2=27450, R1=27750 R2=27840
Silver: S1=52200 S2=51800 R1=53200 R2=53800


Gold futures price prediction jan 13 2012, silver price jan 13 2012, gold trends jan 13 2012, gold support jan 13 2012,silver price trend jan 13 2012, silver price forecast jan 13 2012, gold prices forecast jan 13 2012
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1 comment:

  1. Yes You are best author of in this blog .Really good posting and informative about commodity market like gold silver tips,crude and copper and ncdex also Thanks for posting.