MCX Gold August as seen in the weekly chart above has opened at 29,690 initially moved sharply lower, but found good support at 29,444 levels. Later prices recovered sharply towards 29,836 levels and finally closed lower from the previous weeks closing levels. Multiple closing above 30,020 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 30,180 then 30480 and then finally towards the Major resistance at 30,850 levels.....
Get more here @ http://commodity-intraday.blogspot.com -- Get latest market updates & search internet right from your browser-download our toolbar here- http://investorline.ourtoolbar.com/ Visit our site at – http://investorline.co.in/ Newsroom: http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Newscatcher- http://catcher.investorline.co.in/ Interested in Financial Planning-Let us Contact you- http://spreadsheets.google.com/viewform?key=pb_z4f1_zGMg4iBBFT3-SWQ&email=true If you like the site then promote it here- https://www.freetellafriend.com/tell/?url=http://investorline.co.in/blogs/news Create your own free blog on- http://investorline.co.in/blogger Visit this group at http://groups.google.com/group/india-investor
