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Mtechtips GOLD MCX intraday trading analysis 31-8-2012
Mcx gold oct expiry future currently trading at 30844 with loss 0.01%.today mcx gold future hit high of 30,855 and low of 30756. on intraday and short term view is bearish and intraday chart still bearish. closing below 30,800 will confirm swing sell signal as we suggesting since last 2-3 sessions.
for tomorrow intraday supports are 30,800 and 30,720 while resistance levels are 30,910 and 31,010.intraday trend and momentum both bearish so stay short for downside 100-200 points rally. if close below 30,800 go short for target of 30,200!
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