GOLD (April)
The overall trend is sideways for today but any decline to buy opportunity. In the last week it made a high of 28341, a low of 27568, and is managed to close above 291400 indicating small trading range. Any dip to buying opportunity considering resistance 28510.
For Today "MCX Gold":
Buy and Buy
Small trading range
28450 to 28254...
Downside strong support at US$1714-1740, once trades and closes below, bears will attempt a big sell off and downside target of US$1655-1651 whereas the strong support and sharp move expected. Higher-level resistance at US$1910.
The overall trend is sideways for today but any decline to buy opportunity. In the last week it made a high of 28341, a low of 27568, and is managed to close above 291400 indicating small trading range. Any dip to buying opportunity considering resistance 28510.
For Today "MCX Gold":
Buy and Buy
Small trading range
28450 to 28254...
Downside strong support at US$1714-1740, once trades and closes below, bears will attempt a big sell off and downside target of US$1655-1651 whereas the strong support and sharp move expected. Higher-level resistance at US$1910.
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