Thursday, June 21, 2012

Gold Updates: MCX Gold Tips and Trend For Today

Gold Updates

MCX Gold has crashed yesterday. In its last trading it has touch its support level. On Thursday mcx gold has closed at 29861 with the loss of 1.41% in intraday. The reason is the expiry of this month's contract.

MCX Gold Trend

MCX Gold is looking consolidate to negative. It has a fall of almost 1.5 % in yesterday eveing session. For today mcx gold has a resistance of 30120 and a strong support at 29560.

MCX Gold Tips

We suggest that in is not a good time to make a fresh position in mcx gold. We suggest to Sell mcx gold on higher levels.

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