July 21, 2011

MCX Gold Tips 21 July | MCX Tips for 21 July

MCX Gold is sell off in the morning session and cleared the 23000-040 support regions. MCX Gold below the same may drift lower till 22800 initially, but the 22780 level needs to be cleared to continue liquidation pressure. It is expected form MCX Gold market to turn higher from 22800 if turn up would make longer the momentum towards 23200/300 or more in near terms.  

Trend: Consolidate
Near Term: Up wards
R3  23500 
R2  23280/350 
R1  23030-60/150 
Pivot 22970 
S1  22900//22840 
S2  22780/730 
S3  22680/500
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