Wednesday, June 20, 2012

MCX Gold Updates, Tips and Trend Today

MCX Gold Updates
In previous post we have discussed that mcx gold is trading in a range bond of 29800-30400. In its yesterday's trading it has shut stop at 30282 up by 0.23%. Current gold updates says that in international market spot gold has hit a intraday low of $ 1609 yesterday, that may make a selling presure in domestic market also.

MCX Gold Trend
MCX Gold is looking volatile in its last 3-4 trading session becouse of ending of current contract. The traders have a pressure to sell gold in MCX. Another fector is the global issue. MCX Gold trend is consolidate now and moving towards positive. Although it has a strong support at 30000 and a good resistance at 30500. Current Gold trend is suggest a new range bond of 30000-30500 for itself.

MCX Gold Tips
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