Monday, April 11, 2011

India: MCX Gold likely to move further higher

Gold June MCX Prices soars on Saturday. In daily chart a white candle stick is witnessed indicating continuation of bullish mode for the day.
Moving average cross over suggests trend to remain on the positive side. The technical indicator RSI (14) is at 0.63 signaling upside.
In Comex Gold June futures is trading at 1474.50 (+0.40) indicating flat opening for the day.
Overall we expect gold prices to trade higher and recommend buying.
Gold MCX: Buy June at 21370 TP 21482 SL 21320
Courtesy: Karvy Commtrade Ltd.

(Source: http://www.commodityonline.com/futures-trading/commoditytrends/MCX-Gold-likely-to-move-further-higher-8449.html)

Share this post
  • Share to Facebook
  • Share to Twitter
  • Share to Google+
  • Share to Stumble Upon
  • Share to Evernote
  • Share to Blogger
  • Share to Email
  • Share to Yahoo Messenger
  • More...

0 comments

:) :-) :)) =)) :( :-( :(( :d :-d @-) :p :o :>) (o) [-( :-? (p) :-s (m) 8-) :-t :-b b-( :-# =p~ :-$ (b) (f) x-) (k) (h) (c) cheer

 
© 2011 World Commodity Market News
Released under Creative Commons 3.0 CC BY-NC 3.0
Posts RSSComments RSS
Back to top