April 30, 2012

MCX Gold Trading Tips Trend


MCX gold (June) prices opened the week at Rs 28685, and found strong support at Rs 28622. Later, prices bounced back and touched a high of Rs 29131 and finally closed at Rs 29109 grams. For this week, we expect gold prices to find resistance at 29,320 levels, if prices will close and trade consistently above 29,320 levels would trigger further rally upto 29,580 levels. Support is observed at 28,740 levels and then 28500 levels. Right now gold is trading in a uptrend at 29107 levels and is advised to buy for today's session.

MCX Gold Tips for Today 30 April:

MCX Gold (June) buy between 28740 - 28800 with a stop loss of 28490 and target of 29320 / 29570.
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