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MTECHTIPS

MTECHTIPS

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Published by: MtechTips on Feb 08, 2013
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02/08/2013

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MTECHTIPS;-MCX Gold flat; support at 30700and 30950 resistanceGold futures for April delivery on India's MultiCommodity Exchange (MCX) is flat, howeverconcerns over the health of Euro zone supported
gold.“MCX gold for April delivery has supportnear 30700 level while 30950 is the resistance,”
said , Research Analyst at Commodity
Online.“Intra
-day traders are advised to buyaround 30780 with the stop loss of 30700 for
target 30860,” she added.MCX gold futures for
April delivery was slightly down by 0.06 percentat Rs.30814 per 10 grams as of 15.18 PM IST onFriday.US trade balance data is scheduled to be

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