MCX Bullions road map for 22 Jun, 2012

Gold : closed at 28843 29843, day trading range will remain between 29500-30130, intraday trend sideways, short term trend is up. Immediate support seen at 29800 stability below 29800 will take it to 29730-690. Key support will remain at 29500 for short term. 29990 will remain important resistance stability above 29990 will take it to 30100-30120 key resistance for the day will remain at 30275 stability above this level will trigger further upside.

Silver: closed at 52898, day trading range will remain between 52300-53960, short term trend is down. Intraday key support seen at 52800 stability below this level will take it to 52500-52200 zones, 52000-52200 zones will remain key support and stability below these levels will trigger fall till 51800-51300 in very short term. Today trend decider level will be 53400 stability above this level will take it to 53700-53900-54200 for the day. key resistance will remain 54500 closing needed above 54500 to confirm recovery, otherwise short term trend will remain down and silver may hit 52300-51400-49000 in short term.

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