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Friday, March 2, 2012

MCX Gold Updates>Commodity Tips

MCX Bullion Updates|Gold Tips Silver Trend|Commodity Market news Today 2 March:- With the hopes that the downfall in this glittering metal was a healthy sign rather than the beginning of worries, investors to buy Gold at lower prices. Gold rebounded at least 1.5% yesterday. However, open interest in gold futures in COMEX declined 3.6 percent on Wednesday after a steep plunge in prices.
MCX Commodoty Tips And Trading Strategies For Gold:
Support – Resistance Levels: Immediate 1702/1680/1660. Support at 1650.
Upside: Immediate 1730/1740/1760 Trend reversal point is at 1800.
MCX Gold Tips: Sell below -688 Target-1660.
Sell on pullbacks to 1790 with strict Stop Loss above 1802 target 1752
Gold  is expected to trade a choppy session. It is looking in negative bias. The trading range for Gold is1730-1690 but either side breakout would suggest fresh directional moves.

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