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Commodity tips today | commodity trend today | MCX Silver trend today | MCX gold trend today
MCX Gold Trend Today :-
Gold prices dived lower by over half a percent on Thursday after investors chose to dump the safe haven and sit on the sidelines with the liquid cash as the weaker than expected decline in US factory orders and slightly higher than anticipated initial jobless claims spilled over worries in the minds of investors. A combination of factors like risk aversion, profit-taking and a climbing euro led to the southbound move in the yellow metal prices.
Gold is in long- medium- short-medium- short- term bull phase . Gold is in strong uptrend and the trend is supported with good volume.The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.
Gold Support and resistance levels :-
Support for the Gold is 22198-22061-21870-21504-21242
Resistance for the Gold is 22518.
Gold Intraday trend :-
Buy is advised above 22673.5 with a stop at 22102.1
Below 21941.7 go for sell
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