January 03, 2012

MCX Gold Tips Trading on Commodity

MCX Gold (Feb) contract showed decline in prices of around 0.2% and touched an intraday low of 27271 on Monday. MCX Gold closed at 27382. Gold is trading with upward movement with a sideways trend. The gold is advised to Buy for today's session and a temporary rally which is taking place in gold. We are not very bullish in gold from the long-term perspective, we expect a bounce back and that’s why we have given a buy call.

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