Tuesday, 23 June 2015

MCX Gold Trading Strategies Today ;MCX Gold Trading In Downside Note

MCX gold price trading Flat note Burt Seems Some pressure on expectations of a Greek deal.MCX Gold is trading near its critical support near Rs.26700 - 26680, price sustains break below support could extend downside towards Rs.26570 - 26330. Immediate resistances are pegged at Rs.26850 - 26940 - 27060. Intraday bias remains sideways to weak as long as Rs.27060 is held on higher side. So, selling on rise is advised for the day.

Spot Gold has breached strong support at $1192 and is trading close to $1184 at present. Intraday resistances are placed at $1192 - 1202 whereas supports are placed at $1174- 1168 zone. Short term trend remains bearish as long as $1192 is capped on upside.

NCDEX Gold Hedge looks to trade with negative bias and could move towards Rs.24100 - 23900 on downside. Resistance is at Rs.24500 - 24770.


2 comments:

Raj Solanki said...

Thanks for the informative post and accurate information of share market.
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Equity Research Lab said...

A fine quality educational blog! I like the way blogger presented information regarding the concerned subject. Thanks for posting such a nice blog.
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