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MCX Bullions Outlook and Live Trading Tips

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  • Friday, April 13, 2012
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  • MCX Gold June

    The intraday chart of MCX Gold June fut suggests that prices are trading near a crucial resistance of 28800. Stochastic is loosing its strength. We expect prices to correct up to levels of 28500 if prices trades below 28700. 

    Trading Call: Sell below 28700 levels with a stop loss placed above 28800 levels for targets of 28500 levels.

    MCX Silver May

    The above 4 hourly chart of Silver suggest that prices have reversed after taking resistance at 57200 levels. Stochastic is in a sell mode. We expect prices to correct up to levels of 56500. 

    Trading Call: Sell around 57000 levels with a stop loss placed above 57200 levels for targets of 56500 levels.

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