Thursday, August 4, 2011

MCX gold silver trend for 4 August

Commodity market opened positive COMDEX opened at 3507.28 and MCXMETAL opened at 4777.42 MCXENERGY opened at 2913 .65.

The Silver is in perfect uptrend, silver in buy position silver touch 61690 levels trader can buy silver target is 61790-61900 and stoploss is 61670.It is looking bearish in the coming trading session if it manages to trade below the support level of 58800 in October contact.

gold is also is is perfect uptrend trader can buy gold on dip. It is looking bearish in the coming trading session if it manages to trade below the support level of 23728 in October contact.

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