MCX Bullions road map for 18 July, 2012

Gold: closed at 29289, trading range 29150-29360, trend is sideways. Today trend decider level will be 29280 stability below this will remain supportive for sellers and it will try to hit 29200-170 zones. Key support will remain at 29150 failure may take it to 29060-28960. Stability above 29280 will remain supportive for bulls and it will try to hit 29350-360 zones. Stability above 29360 will take it to 29450 and more upside.

Silver: closed at 52890, trading range 52000-54000, trend sideways. trend decider level will be 52750 stability below this will take it to 52500-52200 but key support will remain at 52200 and failure below 52200 may take it to 51850-51500-51250 zones. stability above 52750 will support bulls and it will try to hit 53050-53300 stability above 53300 will take it to 53650-54000 short term key resistance will remain at 54500.

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