February 09, 2012

MCX Bullion Tips Gold Trend

MCX Gold (Apr) contract was trading in a consolidate trend though gold tried to touch the 11 week high in tomorrows session. The Gold is in uptrend in today's session and the sentiments are making the trend for buying. The gold will find support near 27950 and resistance near 28650 levels. The gold is currently trading at 28294 levels with a gain of 0.42% price gain of 107 Rs.

MCX Gold for 09 February:

MCX Gold (Apr) Buy is advised above 28675 with a stop at 27899 and target of 28710 levels. 
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