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Tuesday, January 3, 2012

Gold Silver Updates: MCX Bullion Tips and Technical Levels

Gold is currently trading in a strong downtrend and is supported with good volumes. Gold is expected to trade with positive bais. Traders are advised to buy Gold above 28029.6 and Sell if below 26737.
Gold (FEB): Trend - Bearish
Resistance: 27731 - 27511, Support: 27181 - 26951.
Strategy - Sell on higher Levels.

Silver
is currently trading in a strong downtrend with good momentum and is expected to trade positive. Traders are advised to buy Silver above 53157.9 and Sell if below 49509.2
Silver (MARCH): Trend - Bearish
Resistance: 53455 - 52305, Support 50905 - 49855.
Strategy - Sell on higher Levels.

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