MCX GOLD (April)
After the current instability in gold, few market participants believes that it could see a rebound next week and overall their tone is cautious given jitters in the Middle East, technical charts .In previous week a little support was seen at lower level at 28180 and in the last made a high of 29334 and closed below 27824. The short-term trend is good and sharp decline to buying opportunity. For the present week, trend decider 28180 to watch out. Higher-level resistance considers at 29510, after that shows some strength and power.

Now it looks good, and decline to buying opportunity. It makes a high of 60000, after that tumble to 58170 although manages to close at 58140. The whole trading range 61210 to 58100.

For current week, trend decider 58830 and sustained above market gaining impetus likely according to our "MCX Trade Tips" Experts and analysts.

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