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.
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Gold trading range for the day is 28722-29356.
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BUY GOLD (FEB) ABOVE 28910 TG-28940/28980/29040 SL-28870 (CMP-28895
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Gold traded above a 10-week low as improvements in the U.S. economy were weighed against tension in Ukraine and signs of higher demand in China. Assets in the largest exchange-traded product held at the lowest in 12 weeks.
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