March 05, 2012

MCX Gold April Trend for Week

MCX Gold (April) has opened at 28696 levels and then rallied sharply up to 28938 levels, but not able to breached the strong resistances level of 29000 levels. MCX Gold prices closed in a negative note fallen by 2.2% made a low of 27730 levels and gold prices found very good resistance at 29000 levels. For the next week we expect gold prices to find resistance at 28450-28550 levels and further above strong resistance is seen at 29000-29100 levels. Strong Support is now observed at 27500-27550 levels. MCX Gold (April) for today's session is trading in a green phase but decline is expected in the upcoming session in gold.


Buy MCX Zinc March between 104.80-104.50, SL-103.90, Target -105.70/106.20.
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