MCX Trading Tips and Strategies

MCX Trading Tips and Strategies

Posted in the Evansville Forum

Since: Mar 12

Indore, India

#1 Aug 7, 2012
MCX Gold Tips

Weakness in the US dollar index along with rise in risk appetite in the global financial markets after German backed the bond buying plan led spot gold prices to trade higher today. The yellow metal touched an intra-day high of $1616.20/oz and was hovering around $1614.30/oz till 2.30 pm IST. However, a stronger Rupee capped sharp gain on the domestic bourses today. MCX Gold rose slightly by 0.1 percent and hit an intra-day high of Rs.29,998/10 gms.Currently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 30485.6 or hold with stop at 29500.0 The next resistance will be at 30396.0 The oscillator is showing BUY signal....
Read more here @[link=http://commodity-intrad ay.blogspot.com]MCX Tips[/link]

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