MCX Gold Tips
Gold for April delivery on the Multi Commodity Exchange (MCX) was 0.28 percent up at INR 30,840/10gms. Looking in a consolidate to bull trend. Technical chart of Gold suggest that prices have reversed after taking support at 30550 levels. RSI is in a buy mode. We expect prices to go up to levels of 30950. We suggest a Buy in Gold above 30800 level for the target of 30950 level with a stoploss of 30700 level as MCX Gold Tips Today.
The Current updates suggest that prices of mcx copper have reversed after taking support of 440. Now MACD is in a buy mode. However the downside was limited as China’s trade balance numbers were higher than expected and supported base metals on continued signs of recovery in China. We expect prices to go up to levels of 447.