MCX
Gold Tips For Today : Buy MCX Gold August contract at levels of
30,050-30,070/10gms with stop loss of 30,010/10gms with a target of
30,180/10gms and above that at 30,250/10gm.
Gold
Resistance and Support Levels For Today
R2
– 30500, R1 – 30350, S1 – 29800, S2 – 29500
Trend
– Sell at higher levels
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COMEX
gold prices hit a one-month high on Wednesday as the euro held on to
its early gains against the dollar after the European Central Bank
(ECB) kept interest rates unchanged, and as other assets seen as
higher risk, such as stocks and commodities, rallied. The
yellow metal is building on a rally sparked on Friday by weak US
payrolls data, which reignited talk of a fresh round of monetary
easing from the Federal Reserve. That helped it rebound from the 2012
low it hit in May during four months of losses.
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