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Both MCX Bullion mrtals is going for upward trend, bullion is looking good for buying at this stage. Every one wants to buy gold at lower level, all are waitnig for gold dropdown so that they can buy gold for long profit.
Similarly Silver is good for profit, whenever silver comes around 60000 its good for buy for the profit in 3000-4000 points.
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Prices are currently in range. Trade in the direction of fundamentals. Enter the position on break of the range. Also remember to set strict stop loss to cut out losses on false range break.
Spot gold prices traded slightly lower by 0.1 percent today mainly due to a stronger dollar. But sharp decline was cushioned as the global financial markets traded on a choppy note. On the MCX, gold prices traded on a flat note and were hovering at `23,112/10 gms today. Spot silver declined almost 1 percent on the back of downside in the base metals coupled with dollar strength.
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