Monday, 11 April 2011
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India: MCX Gold likely to move further higher
Gold June MCX Prices soars on Saturday. In daily chart a white candle stick is witnessed indicating continuation of bullish mode for the day.
Moving average cross over suggests trend to remain on the positive side. The technical indicator RSI (14) is at 0.63 signaling upside.
In Comex Gold June futures is trading at 1474.50 (+0.40) indicating flat opening for the day.
Overall we expect gold prices to trade higher and recommend buying.
Gold MCX: Buy June at 21370 TP 21482 SL 21320
Courtesy: Karvy Commtrade Ltd.
This post was written by: HaMienHoang (admin)
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