August 10, 2011

MCX Tips 10 Aug | MCX India Daily 10 Aug

MCX Gold is trading at a positive note and it supported with good trade volume. MCX gold has shown good gains in the opening moves. Today it is expected that we may see an initial dip till 25482 for MCX gold. However, it would be required to see volume above 26100 for setting off fresh short covering rallies  towards 26280/26570 and 26870 levels later. 
MCX Gold Levels:
Trend: Upward  
R2  26282/26571 
R1  26003/26101 
Pivot 25871 
S1  25701
S2  25482/25303 
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