Tuesday 15 October 2013

Daily Gold Outlook

The MCX Gold December futures may seek considerable support around Rs 28,350-odd levels, which is the recent low for the yellow metal.

As long as Gold sustains above Rs 28,300-odd levels, a sharp pull-back to Rs 29,700-odd levels cannot be ruled out.

However, one needs to wait for the key momentum oscillators to turn positive first.

Click Here for detailed analysis.

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