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MCX Bullions road map for 15 Jun, 2012


Gold: closed at 30113, day trading will remain between 29860-30300, trend is sideways. Yesterday nice decline seen in gold after high of 30236. Today 30236 will remain big resistance to cross for gold. Trend decider level is 30110 stability above 30110 will be supportive for gold and it will try to head towards 30170-30230. Stability below 30110 will supply intraday weakness and it will try to head towards 29980. Key support will remain at 29900 intraday stability below 29900 will trigger very short term bearishness in gold.

Silver: closed at 54441 day trading range is expected to remain between 53100-55300, trend is sideways. Yesterday also silver was not able to hold above its key resistance of 55300 and nicely dropped. Today 53900 will remain important to watch stability below this level may trigger more weakness in intraday and silver may head towards 53500-53200 but 53700 will remain key support closing basis and closing below this level will trigger short term bearishness in silver. Immediate resistance at 54720 break will take it to 54950-55000 but 55300 will remain key resistance on closing basis. 
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