January 17, 2012

MCX Bullion Trend Free Gold Silver Tips Today

MCX Gold (Feb) contract is trading in red for today's session and for short-term it is expected that gold prices going to trade with a negative bias as risk sentiments in the global markets.  As gold is now not performing as a safe heaven in current session any further economic concerns could lead to downside pressure on the bullion metal. The support for mcx gold will be seen near 25000 levels and resistance levels near 29200.
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