October 19, 2012

MCX Gold Calls Trend View

MCX Gold Calls Bearish Trend View:

At the mcx index mcx gold is trading in a down trend and is advised to sell for today's session. The Gold prices now holds strong at 30506 and last at 29590. Prices need to close below 31250 with next Support at 31040, to decline further towards levels discussed above however on failure to close below 31250. We could see a re-bound from current levels. The gold is trading in a bearish trend for today's session. The volume in gold is good and mcx gold call for today is to sell gold near the range 31460-31480 levels.

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