Monday, 29 September 2014

Gold and Silver Price Calculation in MCX

Gold prices are expected to have intraday resistance at $1225 i.e. Rs.26900-26950 and selling can be seen there. Prices on lower side can test $1210 i.e. Rs.26650. Prices should move above $1235 i.e. Rs.27130 to maintain the negative outlook for the day.

Silver December prices are expected to intraday resistance at Rs.39500-Rs.39550 and selling can be seen there. Prices are expected to remain weak till it trades below Rs.39800. On lower side prices can test Rs.39100 and Rs. 38900. Day close below Rs.38500 will prices sharply lower towards Rs.37000.

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