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[BullionMCX.Com]

MCX Gold Trend :- Gold Aug – The ECB is expected to indicate a readiness to cut interest rates as soon as next month but hold back from policy moves, after a Group of Seven emergency conference call on Tuesday failed to produce any concrete solution. Gold has held steady above $1,600 an ounce since it rallied 4.3 percent last Friday, as investors expect further monetary easing from the central banks, especially the U.S. Federal Reserve, after data showed a surprisingly weak job market. Resistance, and Support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are:

MCX Gold Tips :- Gold August Futures Buy - 30150, Stoploss – 30075, Target - 30 350.

Trend Consolidate

Support 1: 29880, Support 2: 29635. Resistance 1: 30160, Resistance 2: 30380

MCX Silver Trend :- Silver (Jul) – Strengthening dollar is actually suppressing the white precious metal since last few sessions. Silver is Expected Resistance, and Support levels for today trade are as follows.

Trend Consolidate

Support 1: 53320, Support 2: 52813, Resistance 1: 54535, Resistance 2: 55120.

[BullionMCX.Com]

MCX Gold Trend (Aug)*– The ECB is expected to indicate a readiness to cut interest rates as soon as next month but hold back from policy moves, after a Group of Seven emergency conference call on Tuesday failed to produce any concrete solution. especially the U.S. Federal Reserve, after data showed a surprisingly weak job market. Resistance and Support levels for the today’s session for Gold JUN contract which will expire IN JUNE 2012 are: MCX Gold Tips :- Trend Consolidate /

Support 1: 28840
Support 2: 28265

Resistance 1: 30380
Resistance 2: 30555

MCX Silver Trend (JUL)*–*Strengthening dollar is actually suppressing the white precious metal since last few sessions.*Silver is*Expected Resistance and Support levels for today trade are as follows: Trend Consolidate.

Support 1: 53320
Support 2: 52813

Resistance 1: 55535
Resistance 2: 56530

[BullionMCX.Com]

MCX Tips Free Trial Recommendation on Today 12 June 12

MCX Gold August Futures Trend *–The U.S. Federal Reserve, after data showed a surprisingly weak job market. Resistance and Support levels for the today’s session for Gold AUG contract 2012 are: MCX Gold Trend is Consolidate. Support 1: 28840, Support 2: 28265, Resistance 1: 30380, Resistance 2: 30555.

MCX Gold Tips :- Gold August Futures Buy - 29 700, Stoploss - 29 630, Target – 29900.

MCX Silver July Futures Trend *–*Strengthening dollar is actually suppressing the white precious metal since last few sessions.*Silver is*Expected Resistance and Support levels for today trade are as follows: MCX Silver Trend is Consolidate. Support 1: 53320, Support 2: 52813. Resistance 1: 55535, Resistance 2: 56530.

MCX Silver Tips :- Silver July Futures, Buy - 54 950, Target - 55 300, Stoploss – 54700.

[mcxprovider]

Commodity Market Outlook :13-06-2012

Gold rises above $1,600/oz as euro hits session high

silver was up 1.2 percent at $28.85 an ounce

Copper down as Spain bailout optimism wanes

Brent falls on Europe worries

[mcxprovider]

The U.S. gold futures contract for August delivery edged up 0.2 percent to $1,623.30.

Spot gold traded nearly flat at $1,621.79 an ounce by 0052 GMT, on course for a 1.8-percent gain from a week earlier.

Gold was flat on Friday after five straight days of gains, supported by hopes for monetary easing after sluggish U.S. data, while investors were looking to a key vote in Greece on the weekend that could unleash havoc in financial markets.

U.S. stocks jumped on Thursday after news major central banks are preparing coordinated action if the results of Greek elections this weekend generate turmoil in financial markets.

The Dow Jones industrial average gained 155.38 points, or 1.24 percent, to 12,651.76. The Standard & Poor’s 500 Index rose 14.22 points, or 1.08 percent, to 1,329.10. The Nasdaq Composite Index added 17.72 points, or 0.63 percent, to 2,836.33.

[BullionMCX.Com]

MCX Gold Trend For Today August Futures :- Resistance and Support levels for the today’s session for Gold AUG contract 2012 are: Trend Consolidate, MCX Gold Trading levels for today 15 June . Support1: 29670, Support2: 28985, Resistance: 30380, Resistance2: 30555

MCX Silver Trend For Today July Futures :–*Silver for July delivery was little changed at $28.925 an ounce. Silver is*Expected resistance and Support levels for today trade are as follows: Trend Consolidate, MCX Silver Trading levels for today 15 June. Support 1: 53820, Support2: 52820, Resistance: 55535, Resistance2: 56530.