MCX Gold & Silver Updates:-
A slack has been observed in the gold in the international market while silver is trading with a fall. Gold at Comex is at $ 1614. Comex silver is trading at $27 with a decline of around .25%. The gold at multi commodity exchange closed at 29,752 on Tuesday after a light fall. While the mcx silver closed at 53,960 after a down fall of .25%.
MCX Crude oil closed at 4919 declined by 1.20% from it’s previous close. MCX crude oil before the closing was trading on higher nodes at above the 5000 level. MCX Copper closed at 422 in the domestic market on Tuesday.
To get huge profits in gold and silver investment in the commodity market we recommend following commodity Tips for Today.
Gold prices may witness profit booking to the tune of 30030 – 30000, one can buy on dips with a stop loss below 29900.
Silver prices witnessed profit booking from higher levels, one can buy on dips around 53500 -53300.
Crude prices are expected to trade within the range from 4850 to 4950 one can witness selling pressure to continue till 4850.
MCX Gold Intraday Tips:- Buy at 29800, Stop loss 29730, Target 29880.
MCX Silver Intraday Tips:- Buy at 53300, Stop loss 53000, Target 53600.
MCX Copper Intraday Tips:- Buy at 420.50, Stop loss 418.50, Target 422.50.
MCX Lead Intraday Tips :-Sell below 105.50, Stop loss 106 Target 105.
Global trend of precious metals gold and silver is on down side. These both commodities are trading with the moderate losses in the domestic as well as the overseas market. At comex the gold has seen a sharp drop of 0.30% although the price of comex gold is above the 1600 dollar.Silver is trading with 0.5 percent decline and is at $ 27 per ounce.MCX gold in domestic market closed with substantial growth of 1 percent and reached to the 29840 while the silver arrived at 53429 with a gain of 1.14%. On MCX Crude oil declined by 1 percent & stuck at 4950.
Commodity Trading Strategies for Today
Gold (MCX) is likely to trade in the range 29,800-30,020. Go for long of mcx gold at around Rs 29,800, place a stop loss of 29,720. MCX Gold may see the upper resistance level of 30,000 or even 30,020.
Buy MCX Silver at around 53,350. Place a stop loss of 53,260 It is likely to see the upper price evel of 53,700.
To get free mcx intraday tips on mobile. Subscribe your mobile no. With us.
Crude Oil Tips:-
Buy crude oil at the Rs 5,000 per barrel levels or if you have already bought into it then remain long on crude for about 100-150 points on the upside.
MCX Silver Tips:-
Sell in silver between Rs 52,900-53,000 per kilogram with a stop loss of RS 53,200 per kilogram for a target price of Rs 52,500-52,300 per kilogram.
MCX Zinc Tips:-
Short – the July zinc on MCX ay levels of Rs 102.50-103 per kilogram with a stop for this trade around Rs 104 per kilogram for targets of Rs 100-98 per kilogram.