GOLD MCX has immediate resistance @26535 and on upside @26720. As GOLD MCX trend is down and looks week one should look opportunities to initiate short position on resistance levels and Maintain Target of 25350. If Gold Breaks 25300 on closing basis may face more Panic Sell off.

1. MCX Daily Report (23 April 2013)
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MCX Commodity Evening Report!!!
23nd
April 2013, Tuesday

2. MCX Daily Report (23 April 2013)
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MCX BULLIONS TECHNICAL LEVELS
GOLD MCX FOUR HOUR CHART & LEVELS
FOUR HOUR CHART – MCX GOLD
JUSTIFICATION
SUPPORT: Immediate Strong Support @26100 and Strong Support @25350
RESISTANCE: Immediate Resistance @26535 and Upside Resistance @26720
Comments:
GOLD MCX has immediate resistance @26535 and on upside @26720. As GOLD MCX trend is down and looks week
one should look opportunities to initiate short position on resistance levels and Maintain Target of 25350. If Gold
Breaks 25300 on closing basis may face more Panic Sell off.

3. MCX Daily Report (23 April 2013)
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MCX BULLIONS TECHNICAL LEVELS
SILVER MCX FOUR HOUR CHART & LEVELS
FOUR HOUR CHART – MCX SILVER
JUSTIFICATION
SUPPORT: Immediate Support @42600
RESISTANCE: Immediate Strong Support @44100
Comments:
Silver MCX is facing Resistance on upside @44100 and Strong Support @42600. Is consolidation between a Range
and best strategy to Trade on Silver MCX is to Sell on Rise around Resistance Levels and buy on dips around Support
levels. If breaks 42600 more panic selling can be expected.

4. MCX Daily Report (23 April 2013)
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ECONOMIC DATA ON 22nd
April 2013
Market Consensus before announcement of New Home sales
New home sales in February declined 4.6 percent to an annualized pace of 411,000. But this followed a strong 13.1 percent
jump in January. Sales were up 12.3 percent on a year-ago basis. Importantly, seasonal factors are large for winter months and
volatility is common over these months. One modest positive was a rise in houses for sale to 152,000 from 150,000 in January.
The combination of a dip in sales and rise in supply put months' supply at 4.4 months, compared to 4.2 months in January. Low
supply recently has been constraining sales.

5. MCX Daily Report (23 April 2013)
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6. MCX Daily Report (23 April 2013)
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