kailashtrifid
Par 100 posts (V.I.P)
The MCX Gold December futures, as expected, has almost achieved our short-term target of Rs 30,700-odd levels.
Gold prices may spike to Rs 30,850-odd levels, or consolidate around current levels given the sharp 7.7 per cent rally in the last nine trading days.
The overall bias for the MCX Gold continues to remain bullish as key momentum oscillators are in favour of the bulls.
MCX Gold may seek near support around Rs 30,100-odd levels, and major support around Rs 29,500-odd levels.
In case, Gold prices break and sustain above Rs 30,850-odd levels, the next significant target for Gold would be around Rs 32,000-level.
The ideal strategy remains to buy on dips.
Read More Info Visit Here - Commodity Call: Gold nears upside target
Gold prices may spike to Rs 30,850-odd levels, or consolidate around current levels given the sharp 7.7 per cent rally in the last nine trading days.
The overall bias for the MCX Gold continues to remain bullish as key momentum oscillators are in favour of the bulls.
MCX Gold may seek near support around Rs 30,100-odd levels, and major support around Rs 29,500-odd levels.
In case, Gold prices break and sustain above Rs 30,850-odd levels, the next significant target for Gold would be around Rs 32,000-level.
The ideal strategy remains to buy on dips.
Read More Info Visit Here - Commodity Call: Gold nears upside target