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MCX Bullions road map for 27 July, 2012


Gold:  closed at 27793, trading range 29580-30050, trend sideways with bullish bias. Today 29780-800 zones will remain as trend decider stability above 29800 will be supportive for buyers and gold will try to head 29860 zones. Stability above 29870 may take it to 29915-30000 zones. Key resistance will remain at 29930 for the day. Stability below 29780 will remain supportive for bears and gold may head towards 29730-29660 key support will remain at 29590.

Silver: closed at 53217, trading range 52600-53600, trend is sideways. Today 53300 will remain trend decider stability below 53300 will remain supportive for sellers and silvery may hit 53050-52880 for the day. key support will remain at 52200 on daily closing basis. Above 53300 if silver manage to hold then it will try to hit 53550 zones minor resistance seen at 53600 stability above this level will take it to 53850-54000 key resistance will remain at 54500 for short term. 
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