Gold Silver Updates Today:
MCX Gold was closed on a bullish mode in last trading session. Today MCX Gold is trading on a negative trend. Even international updates also suggest a bear trend on Gold today. Gold prices have seen hardly any change from the prior closing ($1674.10) at the early session at Globex. With similar kind of volatility in the Euro, gold also jumped to a two weeks high and then again dropped back into the range. Silver prices have declined by $0.11 at the Globex session from the prior closing. It’s been important to notice that silver’s correlation has actually improved with the Euro as compared to gold
MCX Gold Tips:
MCX Gold Technical trend suggest that prices have reversed after taking resistance at 30800 levels. RSI is in a sell mode. We expect prices to correct up to levels of 30450.
MCX Silver Tips:
Current silver trend suggest a flat to down trend today. Price have been reversed after getting resistance at 58900 level. Trend in a sell mode today. We expect prices to correct up to levels of 57200.