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MCX Bullions road map for 13 July, 2012


Gold: closed at 29222, trading range 29000-29350, trend is sideways with negative bias. Trend decider level will remain at 29240 stability above this level will take it to 29280-330 zones.  Intraday key resistance will remain at 29350 recovery above 29350 will take it to 29400-29430 zones. Important support for the day will remain at 29165 failures will take it to 29050-29000, but 29000 can act a good psychological support failure may take it to 28940-850 zones.

Silver: closed at 53017, day trading range will remain between 52000-54000; trend will remain sideways with bullish bias. Trend decider level will be 52800 stability above this level will remain supportive for intraday bulls and silver will try to head towards 53300-53700. Short term key resistance will remain at 54500 daily close will confirm recovery for short term. Stability below 52800 will supply some negative bias and silver will try to taste 52550-52250 but 52000 will remain key support for the day. 
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