MCX Gold Tips and Levels For Today

MCX Gold Tips : MCX Gold prices gained by 1.7 percent and closed at 29,776/10gms on Friday after touching high of 29,884/10gms. Experts believes that appreciation in Indian rupee helped in gains in prices. Sport Gold prices gained by 2.5 percent during the last week. Weaker DX also was the factor for upside in the prices. Gold touched high of 1,629.10 in last week and closed at 1,623.44 in last trading session of the week.

Sell MCX Gold around 29,800/10gms with stop loss of 29,920/10gms for target of 29665/10gms.

Gold Support and Resistance for Today:

Support : 29736, 29676, 29602

Resistance : 29870, 29944, 30004

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MCX Gold Tips & Levels For Today

MCX Gold Tips For Today :

MCX Gold August Buy at 29800 with stop loss belo w29650 and for target of 30000

Buy MCX Gold August around 29800 levels with a stop loss placed below 29650 levels for targets of 30000 .

MCX Gold Levels For Today :

Support : 29725, 29658, 29583

Resistance : 29867, 29942, 30009

MCX Gold Price :

Gold Aug/10 gm – High : 29,875, Low : 29,733, Close : 29,793, %Change : 0.1%

In India physical buying of Gold is getting positive response with good support coming from far east. Experts believes that yellow metal will gain momentum in buying as in India demand of Gold is high ahead of wedding season.

Gold Futures closed above &1600 per ounce, hitting a three week high as euro manages to gain its position after comments from European Central Bank which helped in calming investors worries about currency union's banking crisis.

MOREMCX GOLD TIPS AND TREND FOR TODAY AND TOMORROW....

MCX Gold & Silver Tips For 24th July 2012

MCX Gold August contract settled around same levels as compare to last week. Indian rupee fall results in closing MCX Gold prices on positive note at 29,277/10gms after touching high of 29,370 during the week.

Gold Support and Resistance -

Support : 29336, 29224, 29152

Resistance : 29520, 29592, 29704

MCX Silver settled at 0.1 percent after touching high of 53211 due to depreciation in Indian Rupee.

Silver Support and Resistance -

Support : 52593, 52263, 52025

Resistance : 53161, 53399, 53729

Experts believes that today precious metals are expected to trade in bearish mode due to DX strength along with bearish global sentiments. In domestic market sharp fall can be seen in MCX precious metals.

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