Thursday, 24 October 2013

Daily Gold Outlook

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

The overall bias for the MCX Gold is likely to remain positive as long as the yellow metal sustains above Rs 29,300-odd levels.

In the interim, the near support for Gold can be expected around Rs 29,750-odd levels.

The ideal strategy should be to buy on dips, as Gold has ran-up significantly.

The upside target for Gold remains intact around Rs 30,700-odd levels.

Click Here for daily support and resistance levels.

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