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MCX Bullions road map for 27 Jun, 2012


Gold: closed at 29964, trading range 29700-30200, trend sideways. Today trend decider level is 29960 stability below this level will be supportive for sellers and it will try to hit 29870-29770 for the day. Key support will remain at 29700 failure would signal decline till 29450-29100 in short term. Stability above 29960 will be supportive for bulls and gold will try to hit 30100-30130 key resistance will remain at 30200 stability will support bulls.

Silver: closed at 52963, trading range will remain between 51200-53900, trend is down.  Today 53200 is important to watch, stability above 53200 will take it to 53560-53800 key resistance will remain at 53900 stability would offer 54300-54400 as target zones. Immediate support at 52700 stability below 52700 will support intraday bears and silver will try to head 52450-52200 for the day. Stability below 52200 would signal short term decline for 51700-51200 zones. 
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