Commodity Trading Tips

Gold Updates: Trend Retreats as Brexit bets Ease

MCX Gold CallGold resumed gains in the trading session ending Thursday. The prices have been galloping in a overbought zone still the profit booking has not chipped in. The loss of Wednesday was recovered in the session ending Thursday. Gold closed at Rs 30515 per 10 grams, up 0.23%. The yellow metal next support levels are at Rs 30400 and 30200 per 10 grams. On the higher side Rs 30580 and 30650 per 10 grams are the cap to watch out for. Gold tested a high of Rs 31245 per 10 grams and Rs 30476 per 10 grams as low.

Gold is trading on a consolidate mode today having a strong resistance at 30550, if it break this level then it may go up to 30800. Talking about Supports Gold is having a support zone at 30270 to 29900 level.