Tuesday, August 07, 2012

MCX Gold Tips & Levels For Today

MCX Gold reaches above 30,200/10gms on Monday after seeing losses from last three days. Experts believes that positive sentiment in Gold prices turned after gold prices gained in global markets. Demand of Gold may boost due to Indian festivals and wedding season in coming months.
Globally Gold ended higher yesterday no Monday. Due to weakness of U.S. Dollar index and firmness in crude oil prices turned market bullish for Gold. Experts believes that Gold prices could rise this week. It is expected that gold may test higher levels around $1.640 an ounce. Gold prices has seen mixed position in the last week.
MCX Gold Levels For Today
Support : 29862, 29796, 29725
Resistance : 29999, 30070, 30136