October 19, 2017

MTECHTIPS

MTECHTIPS:Sell MCX Gold Feb around Rs 30740; SL Rs 30840

MCX Gold Feb is looking negative for the day.Market may find support near 31580 & 30480; intraday resistance can be seen near 30730 & 30840. Day traders can sell intraday on rise.Gold futures were trading lower tracking the fall in international markets, and as the rupee strengthened against the dollar.On COMEX, gold futures were trading in a narrow band with a negative bias as investors eyed developments in the negotiations among US lawmakers to avoid a fiscal cliff. The dollar’s rise against the euro also weighed on the precious metal.

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