MCX Gold is trading on a flat to bull trend today. In last trading week MCX Gold april contract were fall sharply even on friday MCX Gold checked the 30300 level and closed near at 30200 level. The Technical report suggest a free fall in gold. After getting the 32450 level gold has been fell to 30000 level. That indicates that traders are not believing to buy MCX gold. Although MCX Gold current trend is looking flat for today. Having a strong support at 30000 level Gold is trending to get 30400 level for a bull trend. For Today MCX Gold Tips is “Gold is looking to consolidate. We suggest to stay away from it.”
Crude Oil Price:
For Today Crude oil Price is looking in a trading range of 5100-5280 level. After getting a bull trend crude oil is looking in red side for today. Selling actions are seeming from 5200 are viewed as a triangle consolidation pattern, no change in this view. And, such consolidation could still be in progress and Crude oil remains bounded in the converging range. For today crude oil updates are to sell crude oil on higher levels.
MCX Tips Today:
Sell MCX Gold around 30290 with Stop Loss of 30340, for the target of 30000.
Sell MCX Silver below 56400 for the target of 55800 with Stop Loss of 57000.