Mtechtips GOLD MCX SELL BELOW 31400-450 STOPLOSS 31550 TGT 31200 TGT 30950

Mtechtips GOLD MCX  intraday trading analysis 12-10-2012

Mcx gold dec future trading at 31,316 with –0.45%.today gold future hit high of 31511 while low was 31283.as given in earlier posts major resistance was 31400.as gold closing below that may cause correction in prices.on downside 31,200 and 30,950 are support zone.if rupee opens strong we may see sharp correction in gold prices.but above 30950 follow buy on dips strategy.

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