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MTECHTIPS:-GOLD
Gold regained some lost ground, as the commodity sustained around 31100 levels. Gold will witness strong resistance above 31240 levels any up move will open the resistance of 31400. On the other hand the commodity will find strong support at lower levels around 31000 and any decline now will open up levels of 30800 and lower. The current trend is weak and profit taking at higher levels is not ruled out, but the commodity at lower levels is finding strong support.
Gold regained some lost ground, as the commodity sustained around 31100 levels. Gold will witness strong resistance above 31240 levels any up move will open the resistance of 31400. On the other hand the commodity will find strong support at lower levels around 31000 and any decline now will open up levels of 30800 and lower. The current trend is weak and profit taking at higher levels is not ruled out, but the commodity at lower levels is finding strong support.
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