Friday, August 31, 2012
MCX Gold Trend and Tips for Today
Today MCX Gold opened with soft note today. Experts believes that today MCX Gold is expected to trade in right range between 30,850/10gms and 30,900/10gms. Gold is expected to remain in uncertain zone today. GOLD TREND. Traders can trade in tight range in between 30,850-30,900/10gms on higher side and 30,700/10gms on lower side. Experts suggest to go long at current levels and probably dip to 30,780/10gms putting stop loss below 30,740/10gms at target of 30,850-30,880/10gms.
MCX Gold Support Resistance Levels For Today -
Support – 30772, 30707, 30658
Resistance – 30886, 30935, 31000
MCX Gold October contract was trading at 30805.00 down 0.10% at 11.12 hrs. Gold rate touchned intraday high of 30808 and intraday low of 30781. Gold prices are moved up 1855 in October series so far.
MCX Gold December Contract was trading 31182 down 37 rupees at 11.13 hrs. It touched intraday high of 31185 and intraday low of 31143.00. Till now 112 contracts have been traded. Gold prices moved up 1882.00 rupees in December series so far.