Mtechtips GOLD MCX SELL AT 31250-330 STOPLOSS 31450 TGT 31030 TGT 30830

Mtechtips GOLD MCX  intraday trading analysis 15-10-2012

weekly gold future chart,we are bullish on gold future for short term view.for next week we expect 32,000-32,200 as first major target level and then 32,700.on downside 31,000-30,900 is major support zone.closing below this may disturb long side momentum.so stoploss must be below this support zone. from medium to long term view,above 30,100 hold long positions for new all time high.below 30,100 correction and consolidation will start till every dip must be used for accumulation.for gold price major affecting factors are rupee movement and investors sentiment.rising inflation all over world will push gold prices to new highs.

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