MCX Gold is bullish; can go up to higher levels
30 June 2008 10:56:25
MCX Gold: The daily stochastic have crossed over up which is a bullish indication. The stochastic indicators are rising from oversold level, which is bullish and should support higher prices.
The market's short-term trend is positive as the close remains above the 9-day EMA. The downside closing price reversal on the daily chart is somewhat negative.
Recommendations–MCX Gold Aug: Buy at 12765 Target 12840 and 12900 Stoploss at 12718
MCXARUN
9994500540
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