June 20, 2011

MCX Online Gold Tips for Today 20 June| NCDEX Spot Market Daily 20 June

The MCX Gold price rose nearly 1 percent on Friday and reached to its its biggest one-day gain in three weeks, as the dollar has dropped an outline agreement to aid debt-burden Greece boosted investor appetite across the board. Gold prices accelerated gains after mixed U.S. data point to a wobbly economic recovery. U.S. consumer sentiment worsened more than forecast in June on continued economic pessimism. Oil prices fell on Friday, with U.S. crude slumping to a four-month low under $93 as a dimmer economic outlook and the European debt crisis drove crude to its biggest weekly loss since early May. Copper closed almost flat on Friday, after mixed data pointing to a shaky economic recovery in the United States limited gains from a weaker dollar.  
GOLD MCX (AUG)
The Bullion market For gold is with a Consolidate Trend and Gold buying is to be done on dips.
RESISTANCE:
• R2 - 22987
• R1 - 22735
SUPPORT:
• S1 - 22488
• S2 - 22155.
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