MCX gold

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honeykk

MCX gold

Post by honeykk » Wed May 19, 2010 12:47 am

MCX Gold future prices fell yesterday following spot prices on the back of profit booking and easing fears about Euro-zone debt problem. However, spot Gold still well supported above US Dollar 1200 mark because of continued concerns about the debt problems among many European countries. MCX June Gold opened at 18250 per ten gram against previous close of 18260 and made an intraday high at 18250.
14 days RSI for MCX gold June contract is at 71.28 levels and it shows gold prices are rising. Support for the Gold is seen at 17890 and below could see a test of 17598. Resistance is now likely to be seen at 18250, a move above could see prices testing 18401. http://ur.lc/e2y

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