Wednesday 23 October 2013

Daily Gold Outlook

The MCX Gold December futures has closed in the positive territory for the last seven trading sessions.

The overall bias continues to remain positive, with key momentum oscillators in favour of the bulls.

The short-term bias is also likely to remain positive as long as Gold sustains above Rs 29,500-odd levels.

On the upside, MCX Gold can surge to Rs 30,700-odd levels.

Click Here for the daily support and resistance level.

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