Monday, 26 December 2011

Gold Tips for the Intraday

"Mcx Today intraday tips"

Last week Gold made a high of 28106, and a low of 27500, but finally managed to close below 28300 as rupee gained strength vs the US Dollar and the overseas markets too indicated weakness. Rupee Dollar trend will also decide the future action of Gold. Overall short-term trend is down, at higher level it will continue facing resistance at 28100-28300, crossing over with added substantially open interest, trend will be changed, lower-level support to watch out at 27500, thereafter nonstop target of 26500-26000 and more lower level. Before any strong pull back, major panic on the card. So have a cautious approach at higher level.
Trend Decider of this week: 27800

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