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MTECHTIPS:- GOLD
Gold dipped again yesterday on profit taking drifting below the 29000 levels. MCX Gold will face strong resistance above the 29200 levels for the session ahead and holding above will open up 29400 levels. On the other hand gold has strong support below 28800 levels and any dip below will test the support of 28500. Gold sustaining at current levels will be positive signal and for a further upside the commodity should consolidate above 29000 levels.
Gold dipped again yesterday on profit taking drifting below the 29000 levels. MCX Gold will face strong resistance above the 29200 levels for the session ahead and holding above will open up 29400 levels. On the other hand gold has strong support below 28800 levels and any dip below will test the support of 28500. Gold sustaining at current levels will be positive signal and for a further upside the commodity should consolidate above 29000 levels.
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