pawancarrot

Gold futures are likely to trade with firm bias as the sluggish rupee continue to back up costs in MCX. Gold may trade in range of 29600-30100 and Silver in range of 52400-54100.

GOLD Mcx August : Costs have been merging without much route, even though for intraday we give preference to an preliminary up pushed with an immediate focus on of 29710/810 or even greater. In such a convivial image, shut below 29460 area could increase the possibility of a straight fall towards 29310/220 or even reduced towards 29110.

Gold prices are trading in a narrow range, however profit booking is expected around 27569 . Oscillators are suggesting flat to up move ahead. Silver prices have ended the day by giving up all the gains in the morning session. Prices are expected to test 55100 - 54700, which should act as a support for buying with a stop loss of 53000.Oscillators are heading up.

i agree with u. really nice post.