Monday, June 17, 2013

17 June support and resistance for gold and silver|| MCX silver tips|| MCX gold tips

Rupees down in front to strong dollar on early Monday morning, dollar gain +0.28 point and touch a high of 57.59 at 10:20 am.  Its direct impact had seen on early hour of trading, both gold and silver prices are looking to be volatile on intraday trading. On Monday morning gold open at green side at 27899 its last close is 27879.
Gold support and resistance
S1: 27650, S2: 27580
R1:  28000, R2: 28150
White metal for future delivery expected to be bearish with high volatile trend, on intraday trading for July delivery it touch a low of 43663, today it open at 43860 against its last close at 43834.
Silver support and resistance
S1: 43320, S2:43100
R1: 43950, R2: 44150

Intraday trading calls

Buy gold august above 27900 tgt 27950, 28000, 28100………….sl 27700

Sell silver July below 43700 tgt 43650, 43550, 43500……… 43950

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