For MCX Gold OCT contract, daily prices have bounced back sharply after making a low of 24992 levels. The daily RSI is near oversold zone. Prices have bounced back after testing the 50% retracement support levels of the previous rally from 21885 levels to 28744 levels. Hence, now we expect a short term recovery in prices now for targets of 27000 levels. Prices are now witnessing high volatility hence traders are recommended to trade with strict stop losses.
MCX GOLD UPDATES, COMMODITY INTRADAY OUTLOOK
Posted on Monday, September 26, 2011 by Unknown in
Labels:
Commodity Intraday Outlook,
MCX Gold,
MCX GOLD TIPS
on Monday, September 26, 2011
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