February 06, 2012

MCX Gold Trend and Live Commodity Data For Today

MCX Gold April contract is trading in a consolidate trend and for today is trading at 27866 levels with a loss of (0.09%). The Gold is trading in a down trend but it is expected that gold will find its first support near 27189 and its second support near 26923 levels. The resistance for gold will be seen at 28050 / 28275 levels. The gold is expected to remain under pressure.

MCX Gold Recommendation for Today:

MCX gold (Apr) Sell in the range 28130-28170 TP 27410 with stop loss above 28510. 

(Note: First wait for gold to come in this range then trade with SL.)
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