Monday, 8 February 2016

Mcx Commodity Market News for Gold and Silver

Accurate Commodity Market Tips Only at

Gold could remain range bound to firm as the Dollar remains weak. Investors await cues from key jobs data tonight for further cues. Support is at 1147.0. Resistance is at 1165.0. MCX Gold could remain range bound to firm, tracking firm overseas prices. Support is at 27305 and 27170. Resistance is at 27575 and 27775. However both COMEX and MCX prices are overbought and could witness profit booking.

Silver could trade range bound to firm. Weak Dollar could limit downside. Support is at 14.73 and 14.61. Resistance is at 14.95 and 15.00. MCX Silver could trade range bound. The downside in prices could be limited as the Rupee remains weak. Support is at 35730 and 35525. Resistance is at 36005 and 36225. 

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