MCX market is trading in a uptrend and gold has opened at 30984 initially moved lower, and as expected found very good support at 30656 levels. Today we expect gold prices to find Support at 31130-31000 levels and further below strong support is seen at 30860-30830 levels. Trading consistently below 30820 levels would trigger sharp correction initially towards 30382 then 30198 and then finally towards the major support at 29756 levels. Resistance is observed in the range of 31600-31630 levels. Trading consistently above 31630 levels would lead towards the strong resistance at 31880 levels, and then finally towards the Major resistance at 32200 levels. MCX Gold is currently trading at the price levels of 31262 levels.
MCX Gold Tips Today:
MCX Gold (Oct) Buy between 31140 - 31000 and stop loss of 30700 and Target of 31800.
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