Friday, November 26, 2010

Mcx gold tips

Gold has again tested the weekly trend line, currently trading on support of trend line. More the time a support is tested, more likely it is to break. This is what seems to be happening in Gold. Prices are testing key support level of $1,182. Breakdown seems imminent with first target at $1,075 levels and potentially much lower. For confirmation or bearish stance, gold prices will have to breach the key
support level of $1,170.
   
Breakdown is also supported by the negative Moving average Convergence Divergence (MACD). It has given a negative cross over which suggests that  prices are like to follow negative trend.
  
In this situation  clients to Sell Gold International BELOW $1,170 for target of $1,075 / $1,015 with stop loss above $1,205 and also clients to Sell MCX Gold October at Rs.18,060 for target of Rs.17,550 / Rs.17,250 with stop loss above Rs.18,270.
   If you want in more sucess in bullion you should have to more knowledge about mcx gold tips, mcx trading tips, mcx tips in gold , mcx tips insilver , free mcx gold tips.......and much more about trading.

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