MCX Gold
It doesn't look like we're done yet with this counter-trend bounce in gold. Look for an additional 38% retracement before we start looking for a top. Make no mistake – this is a dead cat bounce. Expect a top before the week is over.
MCX Gold Tips
ONLY BUY GOLD ABOVE 28200 with Target 28400,28700 and Stoploss Rs 28,050
MCX Copper
MCX Copper has been witnessing some barging buying last week which is likely to continue this week as well.
MCX Copper Tips
Support & Resistance Levels
R1 367, R2 372
S1 352.5, S2 344
It doesn't look like we're done yet with this counter-trend bounce in gold. Look for an additional 38% retracement before we start looking for a top. Make no mistake – this is a dead cat bounce. Expect a top before the week is over.
MCX Gold Tips
ONLY BUY GOLD ABOVE 28200 with Target 28400,28700 and Stoploss Rs 28,050
MCX Copper
MCX Copper has been witnessing some barging buying last week which is likely to continue this week as well.
MCX Copper Tips
Support & Resistance Levels
R1 367, R2 372
S1 352.5, S2 344
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