MCX Gold April contract closed at 28232 changed by 134 rupees from yesterday closing price. Gold headed a low of 28210 and closed near day low.
Supportive and Resistance Area:
Today Support will be at 28210-180, retest to these levels can’t be ruled out but stability below 28200 will result in a retest to 28100-28050 area. Key support will be at 28000.
Today Resistance is now seen near 28464 if sustained move above this level will bring retest to 28550-600 areas. Key resistance will remain at 28650. Today support will be at 28210-180, retest to these levels can’t be ruled out but stability below 28200 will result in a retest to 28100-28050 zones.
The trading range for the day between 28000 - 28650.
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