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MTECHTIPS:-GOLD
Gold witnessed a strong upside on Friday supported further by follow up buying on Saturday. The commodity closed with gains around day’s highs on the back of strong buying. MCX Gold has resistance above the 30000 levels for the session ahead and holding above will open up 30300 levels. Support for Gold is seen 29500 levels and any dip below will test the support of 29200. Gold sustaining at current levels will be positive signal and for a further upside in the commodity.
Gold witnessed a strong upside on Friday supported further by follow up buying on Saturday. The commodity closed with gains around day’s highs on the back of strong buying. MCX Gold has resistance above the 30000 levels for the session ahead and holding above will open up 30300 levels. Support for Gold is seen 29500 levels and any dip below will test the support of 29200. Gold sustaining at current levels will be positive signal and for a further upside in the commodity.
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