Gold Update at 1PM: Prices are trading up by 0.08% at 29986 levels. Intraday resistance is seen around 30020-30040 levels. On breach and sustainable trade above the same might test30110-30120 levels. From the technical end intraday trend is looking bearish. Lower side intraday possible supports are seen at 29920/29807 levels. Expected range for next hour is 29940-30020. Recommend intraday trade on Short Side.
Our Morning Gold Call ( Given to Paid Members only)
|27-06-12 10:10||Sell Gold@30000 T1:29930 T2:29850 SL above:30125 SecondSell :30080 -www.Commodity20.com|
Gold Hourly Update 2 PM : Gold prices are trading at 29930 levels marginally down by 0.10%, Prices ahve immedaite support of 29900 levels once breaches this levels it may fall further and touch 29870 levels while on the upper side prices have resistance levels are 29960 and 29990 levels
|27-06-12 14:10||Gold Call,Sold @30000 Low Made:29926, Target1 Achieved, Profit:7000+ per lot -www.Commodity20.com|
Gold Update at 3 PM: Prices might see some pullbacks before resuming its downtrend. Sustained trades below $1573 it is likely to see correction towards $1565 then $1558 levels. Gold August MCX futures prices are expected to remain lower for intraday as long as 30010 resistances remain intact. Break below 29920 would trigger fresh selling towards 29860 levels.
Gold Update at 4 PM: Prices were seen trading in a narrow range of 29980-29920 and expected to continue the same trend for this hour. We are still holding to this view. Momentum traders can go short near 29960-29970 levels for a possible target of 29920/29870 with stop loss above 30010. CMP 29949
As we Advised on Gold Update at 4PM Short around 29970,Made Low of 29889, Recommendation was 100% Accurate, Hope you all Enjoyed Good Profits !!
Gold Update 10:30PM to 11:30 PM: Prices were seen trading in the range of $1568-1576 from the last hour and expected to continue the same trend. MCX gold future prices are likely to move in the range of 29870-30060 levels. Either side breakout would clear the direction. CMP 29957. CMP 1574.8