According to our "MCX Tips" Experts the prices are constantly trading above 5 quarter EMA (Exponential Moving Average) from year 2005 to till date. MCX Prices are having good support at Rs 27210 levels and strong resistance at Rs 31566 levels. Recommendation is to buy Gold in any form in Futures (In MCX) or Gold ETF (In NSE) for the target of Rs 31210 / Rs 31578. On the MCX, Gold June contract rose around 0.5 percent as a weaker Rupee led gain on the domestic platform and touched an intra-day high of Rs.28,873/10 gm.
Current Trend for "MCX Gold Tips"
Buy Gold between Rs 28643 – Rs 28800, SL – Rs 27550, Target - Rs 31,020 / Rs 31,570 (CMP: Rs 28770).
Buy GOLDBEES between Rs 27840 – Rs 27850, SL – Rs 25650, Target - Rs 29767 / Rs 30345 (CMP: Rs 27576).
Buy GOLD RELGOLD between Rs 26788 – Rs 26925, SL – Rs 25312, Target – Rs 29121/ Rs 2960 (CMP: Rs 26255).
Current Trend for "MCX Gold Tips"
Buy Gold between Rs 28643 – Rs 28800, SL – Rs 27550, Target - Rs 31,020 / Rs 31,570 (CMP: Rs 28770).
Buy GOLDBEES between Rs 27840 – Rs 27850, SL – Rs 25650, Target - Rs 29767 / Rs 30345 (CMP: Rs 27576).
Buy GOLD RELGOLD between Rs 26788 – Rs 26925, SL – Rs 25312, Target – Rs 29121/ Rs 2960 (CMP: Rs 26255).
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