MCX Gold Tips

Posted by Naresh Tomar on Tuesday, August 16, 2011

Crude oil in international markets are looking weak, but there is strength in gold and silver. Nymex now slipped 0.5 per cent on crude oil is trading at 87.42 dollars a barrel. down 0.3 per cent, while Brent crude is trading at 109.42 dollars a barrel. Comeks 0.5 per cent in gold looks on. 1763.60 dollars per bounce at the moment Comeks is trading at. Comeks dollars per ounce, while silver gained 39.5 has managed to surpass the level. 

Gold (August Futures): Buy - 25,600, stoploss - 25550 Target - 26000

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