Friday, 9 March 2012

MCX Gold Tips, Trend and Update Today 9 March 2012

Gold Tips and Update:-MCX Gold slow started in previous. Today MCX Gold started with consolidates at Rs 28,008 in domestic market, while tomorrow it was closed at Rs 27,972 on Wednesday. Now MCX Gold is trading around same position at Rs 28,003 near about 2 pm on Friday.
Sell- MCX Gold with April contract below 28,000.
Targets- 27977, 27952
Stop Loss- 28043
Gold Trend- MCX Gold trend with April contract has consolidate position, strategy sell on high with good volume.
Resistance and Support: - R1-28031. R2-28091. S1-27909. S2-27847.

Global position of MCX Gold: - Gold on international market has slow down moment in previous. Comex Gold was trading at 1,700 dollars

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