MCX GOLD TARGET
MCX
Gold is seeing upside in prices. Gaining of rupee against USD is also
factor responsible for upside in gold prices. GOLD TARGET.
Uncertainty over Spains bail out plan is also keeping investors in
confusion state. Spanish banks should at least have 105 bullion euros
in capital, double the estimate the government provided last week.
With uncertain outcomes no good decision were taken and keeping gold
prices in restrain.
The
lack of participation from Chinese investors entire week also
results in sideways movement in gold. As traders also waiting for US
employment data. MCX Gold prices have stuck in consolidation mode for
few days. Experts says further bullish sentiment can be witnessed if
Central Bank – US Federal Reserve brings some stimulus and ECB buying
programs at the end of this month.
Buy
Gold December contract at 31,300/10gms with stop loss of 31,050/10gms
and targets should be placed at 31,600-31700/10gms.
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EARN HUGE PROFITS FROM GOLD. FOLLOW OUR EXPERTS ADVICE. TRY FOR 2 DAYS FREE TRIAL. FILL FORM ON RIGHT HAND SIDE >>
