Dani Commodities' report on gold
Gold is showing a flat movement in the trading sessions on MCX*On hourly charts, the picture is slightly clearer in Gold*The underlying trend in Gold looks bearish in hourly charts with supports at Rs 29150 per 10 grams*Gold closed at Rs 29234 per 10 grams on 29 November 2013*Resistance for Gold is at Rs 29293 and 29310 per 10 grams*Till Gold breaches the channel of Rs 29150-29310, it is difficult to get any confirmation signal on the next level for prices*In COMEX, February contract was down by $ 4.4 per troy ounce, at $ 1246 per troy ounce*COMEX Gold is resisted at $ 1250 and 1260 per troy ounce* MCX GOLDInternational: Major Support at USD 1250. Bearish below USD1250.
Domestic: Sell at 29100, Stoploss 29160, Target 29000. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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