Mtechtips GOLD MCX  intraday trading analysis 05-12-2012

Mcx  gold feb future today closed at 31371 with 1% gold seeing year end fund house selling downside rally on comex here on domestic market prices dropping on on 30 min chart gold future looks in absolute downtrend.fresh selling done on bounce back near 31440 only.on downside expect again 150-250 points fall in next 1-2 session.reversal only above 31660.





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