Mcx Gold and Mcx silver put the investors down under. All of them swing downward but Mcx gold comparatively showed some resistance and a minute change is seen in the prices. Mcx Silver broke as usual which was once looking very solid.
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Mcx Gold Today (Dec) -*Gold august contract which will expire on 5th*Dec 2011.gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:
Resistance:**R1-26700 R2-26950
Supports:*****S1-26350 S2-26100
Mcx Silver Today (Sep) -*Silver closed at*52769.silver traded in huge volatility.*Expected resistance and support level for today trade are as follows.
Resistance:**R1-53500 R2-53950
Supports:*****S1-52500 S2-52150
Source :-
http://www.commodity-trading-help.blogspot.com/