Friday, August 5, 2011

MCX Bullion Metals- Gold Updates and Trading strategy

MCX Gold (August) has been trading well with Intraday positive bias and may go up to 24150-200 for the day if it manages to stay above 24000 mark. But if it break the day low of 23851, a sell off may be seen in Gold till 23750-700. The overall trend is looking positive and Day traders can buy Gold above 24050 to target 24100-150-200 stoploss below 23970.


Posted By Commodity MCX Tips