22nd Aug Gold Trend, MCX Gold Call Today: Sell Gold For Intraday

Gold Trend For Today

As the gold chart suggest that spot gold prices will trade on negative note on the once more of frail worldwide market notions coupled with quality in DX. Further, US Central bank strategy gathering Minutes indicated that the authorities backing decreasing jolt not long from now provided that US economy moves forward. On MCX gold prices have been reversed after getting 31550 level. Due to the weaker trend on Indian rupee Gold has got a price hike of 2.5% in last 2-3 trading days. Now gold is faceing a consolidate trend is looking to get 30700 level today.

MCX Gold Intraday Technical Levels

MCX Gold levels are: Support level is looking at 30700 if gold cross this level today then it may get 30000 level in 2-3 day else after 31700 level today gold will turn to bullish session and may get 32000 level today.

MCX Gold Call For Today

Sell MCX Gold for intraday trading below 31400 level to get the target of 30700 with a stop loss at 31600.

Read More

14 comments

MCX Gold Call Today: Live MCX Tips

MCX Gold Call For Today

Technical Gold chart suggest that Gold price have reversed after taking resistance of 31200 levels. Stochastic is in a sell mode. We expect prices to correct up to levels of 30200. MCX Gold Call For Today: Sell MCX Gold around 30700 with a stop loss at 31000 for targets of 30200.

LIVE MCX TIPS is technical research based advisory firm, we offer mcx tips, ncdex tips,commodity tips, stock tips, agri tips ,equity tips, intraday tips, mcx-ncdex tips, forex tips,comex tips, bullion tips, MCX Gold Tips, base metal tips, precious metal tips  with proper risk reward ratio. We provides all financial services under one roof with 95% accuracy. Get 2 days free trial on Share tips, nifty tips, Cash market tips, future tips, option tips,stock tips free trial, intraday stock tips with upto 95% accuracy. http://www.live-market-tips.com

Read More

20 comments

Commodity Outlook and MCX Suggestion

Commodity Outlook

After bullish sentiments in USD, Gold prices have also follow the same trend. Gold trend suggest that international price are expected to remain in range as investors would await the FOMC meeting minutes tomorrow to get cues on the future course of Fed’s bond buying program. In MCX Gold is looking in a consolidate frame today now it is trading at 30830 level down by 330 points. In Crude updates our research report suggest that crude prices may go up as supply concerns from Middle East and expectations of lower inventories can push prices higher. In base metal today's outlook is international price can remain in range on caution ahead of Chinese and Euro zone Manufacturing numbers and FOMC meeting minutes. However, weaker rupee can push prices higher in India.

MCX Suggestion Today

For today we suggest to sell bullion, and Buy in Crude Oil.

Currency Updates

As the Rupee ended at record low of 63.13 a dollar on yesterday Indian eqiuty market gone down in the same ratio. Today rupee started with a all time low of 63.80. This report may conduct the first support at 65 level and after that it may get 68 level soon. Our essential concern is that the strategy powers still don't 'get it' -supposing this is a honestly minor squall which will cool off generally rapidly with equitably minor activities. In the event that this remains the case, then a quick move to 65 against the U.s. dollar is likely, which in turn may as well help center personalities.

Read More

6 comments

Currency Updates: Rupee Closed on Record Low

Record decline in rupee against the dollar today. So far, the rupee closed at record lows. Heavy rupee against the U.S. dollar declined by Rs 1.48 to close at 63.13. Rupee against the dollar in the last 2 days trading session 2.8 per cent (1.70 Euro) is broken up. Rupee opened at 62.35 against the dollar today. Last week the rupee against the dollar closed at 61.65. Rupee against the dollar to 63.30 in the day's turnover was broken. In the coming days 63.50 Euro weakened against the dollar, while the dollar is also possible profit at Rs 1.5.

Stock Market Updates

The persistent weakness of the rupee to a record 1.5% of the market broken and chaos. 18 307 index lost 291 points and Nifty lost 93 points to close at 5415. With the Giants - with Midcap and Smallcap stocks also did not escape the beating. Broken Nifty Midcap and BSE Smallcap 1 per cent. Bank Nifty rolled about 4 per cent. Auto, Healthcare, FMCG, PSU, consumer durables, capital goods and oil & gas stocks break from 3 to 1.5 per cent. Power, technology and realty stocks fell from 0.5 to 0.25%. Metal and IT stocks saw a decline in the marketplace. Metal stocks rose 1.75%. It strengthened 0.3%.

Read More

5 comments