Sunday, September 23, 2012

MCX Gold Tips and Trend For Today

MCX Gold Trend

MCX Gold October has opened at 31,842 initially moved higher last week, but found very good resistance at 32,095 levels. Later prices fell sharply towards 31,455 levels, Currently it is trading at 31505 level with 39 points down and finally closed sharply lower from the previous weeks closing levels. 
For this week we expect gold prices to find Support at 31250 levels. Due to international selling pressure Gold is Trading consistently below 31,840 levels and would trigger sharp correction initially towards 31586 then 30484 and then finally towards the major support at 31220 levels. 

MCX Gold Tips For Today

MCX Gold Tips are to sell it on higher price to get the target of 31200 level. In Metros gold is looking to get 30600 level in this week. Sell on high will be the best option to make sure profit.

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