Market Update

Market Watch

Thursday 12 September 2013

Mcx Live Market Watch Online on Mobile

US Gold slips three week low, MCX Gold down amid US stimulus concerns 

MCX gold is expected to continue with its negative trend during intra-day pressured by appreciation of Indian Rupee (INR) against US Dollar (USD). MCX gold for October delivery was seen trading down by 0.26% at Rs.30601 per 10 grams as of 10.14 IST on Thursday. India Ministry of Statistics is also scheduled to release its index on Indian Consumer Index, Indian Industrial Production, India Manufacturing Output at 17.30 IST on Thursday. 

GOLD:
Trend updated for-Sep/12/2013.CMP-30682 The Gold is in long- medium- term bull phase .Currently Gold is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Support for the Gold is 29599-28538-28112-Resistance for the Gold is 31951-32332-32644-


SILVER:
Trend updated for-Sep/12/2013.CMP-52439 The Silver is in long- medium- term bull phase .Currently Silver is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Silver. The Silver is now trading in overbought level. The Silver is now trading in overbought level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 47085-45033-44619-.Resistance for the Silver is 53164-54407-54762-

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