MCX Gold Live Prices are in a consolidating phase and not showing much movement, even though for intraday we favour an initial up thrust with an immediate target of 29720/820 or even higher. In such a convivial picture, closed below 29460 region could amplify the chance of a vertical drop towards 29300 / 29230 or even lower towards 29120. The gold levels rates for today is currently 29469 levels and is trading with a loss of 0.64%.
The MCX gold is will see resistance near 30070 / 30190 levels and support at support near 29300 / 29230 levels. For today gold is advised to sell for intraday session.
