5/01/2012 04:23:00 PM
Unknown
MCX Commodity Market Outlook & Gold Updates Today 1st May 2012: MCX
commodity markets will open today in the evening session of trade at
5 pm. MCX Gold (June) daily price chart suggest that prices have
breached the crucial resistance of
29000. Gold is looking bearish in
buying trend. We recommend a buy around 29000 levels with a stop loss
placed
below 28800 levels for a target of 29500 levels.
Gold
prices saw sharp decline last week but couldn’t
breach its
important support area of $1620/oz mark. Overall bias is still
bullish for Gold
this week and we expect that rally may continue
for
some time and on higher side can test its resistance
of
$1687/oz.
Get FREE COMMODITY TIPS Fill The FREE TIPS Form --------------------------->
0 comments:
Post a Comment