Gold Silver Trend: MCX Bullion Outlook

Gold
Today, Gold prices are witnessed with a gap up opening, the prices are expected to test 28245 - 28295, traders are advised to buy Gold on dips around 28095 - 28065. 
Gold (Feb): Support- 27695 - 27995
Resistance: 28145 - 28345.

Silver
Today, Silver prices are expected to test 57495 – 57995 on higher end, traders are advised to enter with a long position around 56795 – 56895.
Silver (Mar): Support- 54800 - 56500
Resistance: 57490 - 58695.

MCX Commodity Updates for Today: Gold Silver Copper Crude News

A sharp decline in Gold and Silver in the International market has been witnessed. On Comex Gold is trading with a decline around $ 1,644, while silver is trading slightly above $ 30. Yesterday (Thursday), gold closed around Rs 27,644 with a slight decline in the domestic market, while silver closed around Rs 52,744 with an edge.
In the International markets a surge is being witnessed in crude oil. On Nymex Crude Oil is trading with 1/2% rise close to $ 100. On Thursday, crude oil in the domestic market closed with almost 1/2% down around Rs 5253.
Copper on the London Metal Exchange is trading with 1/2% decline. On Thursday, Copper in the domestic market closed with nearly 2.5% rise at Rs 417.

Gold Silver Updates: MCX Bullion Tips

Gold (FEB): Trend - Consolidate
Resistance2 - 28010, Resistance1 - 27810, Support1 - 27450, Support2 - 27280
Strategy - Sell on higher Levels.

Silver (MARCH): Trend - Consolidate
Resistance2 - 54800, Resistance1 - 53900, Support1 - 51400, Support2 - 50300
Strategy - Sell on higher Levels.

MCX Commodity Tips for Today: Gold Silver Crude Updates

In the previous trading session, Gold futures traded in a narrow range before closing in negative, as investors pared their holdings of the precious metal due to year-end liquidations. Today, Gold prices as expected to trade within the range from 27510 - 27910. Traders are advised to buy on dips and sell on rise.
Gold (Feb): Support 27460 - 27710, Resistance 27830 - 28010.

Silver prices are trading in a narrow range, traders can expect prices to test 53410 – 510 on higher end. 52310 level is a good support for the day.
Silver (Mar): Support 51810 - 52810, Resistance 53410 - 54310.

Crude oil futures continued their positive movements, encouraged by a weaker US dollar and higher Asian stock markets, but faced strong resistance closer to the $100 per barrel level. Today, Crude prices are looking positive, traders are advised to buy Crude Oil around 5262 with a strict stop loss below 5212 for the target of 5322 - 5337.
Crude Oil (Jan): Support 5202 - 5262, Resistance 5302 - 5367.

MCX Commodity Tips Updates for Today

Mixed sentiments in International Commodity Markets is being witnessed. On Nymex Crude Oil has slipped. On Comex gold and silver has recovered.
On ComeX Gold is trading with 0.5% rise at $ 1729.75 per ounce level. On Comex Silver is also showing strength with 0.5% rise and has risen above $ 32. Copper on the London Metal Exchange has declined by 1%. Nymex Crude Oil declined by 0.2% and is trading at 99.50 dollars a barrel.

MCX Commodity Updates for Today

After the initial decline of crude oil has seen a take over. Crude Oil is trading with about 1% decline, with marginal gains at MCX Crude Oil is trading at Rs 5,100. However, at Nymex Crude Oil is trading around $ 98. Pressure on crude oil from America's Energy Department report is being viewed. The euro zone debt crisis has seen pressure on crude oil.
Gold and silver is trading down today. On Domestic Market Gold is trading with decline at Rs 28,683. Silver is trading with 1/2% decline at Rs 55,084.
Even base metals has become dull and trading down. All metals except nickel on MCX is trading dull today.