Saturday, 5 May 2012

MCX Gold Update Today 5 may 2012

Gold Tips, MCX Gold Tips, Gold Future Updates, Commodity Trading Tips, Free Commodity Tips, Live MCX Update, Indian Gold View Today, Trend Support Today

MCX Gold has introduced with pressurized position in domestic market. MCX Gold on Future contract like July and August is showing positive trend with 0.02 percent. For June contract gold has started down at Rs 29185, while last trade of MCX gold was closed at Rs 29190 on Friday. Now it is trading above 0.01 percent at Rs 29192 at around 11 Am.
 Gold on August contract also is trading above 0.01 percent with Rs 29561.
Trading Strategy: - If MCX Gold has touched 29230 so you can buy its Immediate with June Contract.  
Resistance- 29305 to 29455.6  
Support- 29075.3 to 28925.3

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