Saturday, 3 October 2015

Why MCX Gold & Silver Boom in October 1st Week @ Bullion Trading Report By Commodity Expert

Hit by the decline of the past six sessions, gold prices have bounced back. Two major factors of rising gold silver

1) The Boom of MCX Gold and Silver prices is the major reason for short-covering by traders. The means the traders were selling, they have bought at lower levels again their short positions. That's way Gold and silver prices have gone up.

2) Friday's weak US jobs data came in gold and silver Shopping returned because inflation pressures remain weak economic data and the Federal Reserve.

Buy MCX Gold Silver for December Contract

Gold: Trader can buy MCX Gold around 25,900 to 26,050 with in December future contract Targets 26500, 26900 stop loss 25471. hold it 10 October.


Silver: All investors Can buy MCX Silver Around 34,300 to 34,500 with in December future contract targets 35200, 35900 stop loss 33711.

2 comments:


  1. SILVER 4-DEC
    SUPP 1 : 35250
    SUPP 2 : 34900
    RES 1 : 35800
    RES 2 : 36120
    STRATEGY : BUY ON DIPS
    Commodity Tips

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  2. Gold prices are of highly fluctuating nature. Traders find it quite difficult to trade in this. However they can keep themselves updated with the help of post like these. Get daily reports on commodity market by subscribing to epic research services .

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