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Tuesday, June 4, 2013

MCX - GOLD - SILVER : Trend - Levels & Trading Strategy : 04 Jun 2013

GOLD

Best buy &  supp @ 26845 actual resistance & best short level @ 27105 a break above 27365 upside tgt is @ 27952 - 28215 , However a Crack below 26585 downside tgt is @ 25996 - 25735

Now @ 27115 

Trend : Firm Bullish

Strategy : Qty - 4 lots total - Buy  2 each @ 27105 & 26845 (if get) For Target 27365 - 27952 - 28215 (exit 3/4 of positions @ 27952)

SILVER

Best buy & Supp @ 43711 actual Resistance & best short level @ 44175 a break above 44638  upside tgt is @ 45675 - 46138, However a Crack below 43247 downside tgt is @ 42209 - 41746

Now @ 43774

Trend : Firm Bullish 

Strategy : Buy on all dips below 44045 for Target 44638 - 45675 & book full profits @ 46060

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