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Tuesday, April 10, 2012

Gold Updates, Silver Trend Today, MCX Bullion Tips|NSE BSE Tips 11 April

GOLD UPDATES, MCX Bullion Tips, Live MCX Trading Strategies, MCX Commodity Tips Today 10 April & NSE BSE Tips For Tomorrow 11 April:- Gold futures prices have edged higher at the early trade of Globex. Oil dropped to a seven-week low as an employment report raised concern that U.S. fuel demand will slow and Iran agreed to resume talks on its nuclear program. 

GOLD UPDATES :Gold climbed for a fourth day, the longest rally in more than a month, after positive cues coming from U.S. Spot gold rose as much as 0.9 percent to $1,654.90 an ounce. June-delivery gold roseas much as 0.7 percent to $1,655.90 an ounce on the Comex.
Gold therefore may feel pressure in evening before which ECB’s record financing to Portuguese banks could very well support the Euro and gold prices to a higher side. Hence, we recommend remaining short for the metal at higher prices.

SILVER Trend Today:- Silver futures prices have given a sharp rebound at Globex. e, liquidity injection could boost the equities market which would rather support the metal but a likely stronger dollar index may weigh on to silver prices in evening.

Gold & Silver Support Resistance Levels Today:
MCX Gold (Apr) :Res3-28153 Res3-28190 Res3-28255 Closing-28329 Sup1-28388 Sup2-28442 Sup3-28486
MCX Silver (May) :Res3-55150 Res3-55359 Res3-55618 Closing-55902 Sup1-56251 Sup2-56562 Sup3-56739

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