MTECHTIPS MCX GOLD BUY 26600 STOPLOSS 26450 TGT 25850 TGT 27050 MTECHTIPS MCX GOLD intraday trading analysis 16-06-2014 Mcx gold on last trading session closed at 26,627 with gain. On daily chart, gold future price trend is down but momentum is clearly on recovery side that why we has seen 800-900 rupees recovery from lows. On daily chart, gold is trading below month and 3-month average but with recovery price pattern and off the lows indicators. On downside gold has support zones at 26,000 and 25,500 while on upside expect resistances at 27,000 which is its 1 month average and 28,000 is its 3 month average. Traders for next above 26k keep buy on dips for next week and expect targets of 27k to 28k. WWW.MTECHTIPS.COM 07489294118-119
Posted on: Mon, 16 Jun 2014 05:38:05 +0000
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