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