Commodity calls: Gold is range-bound

[trifidresearch]

MCX October gold futures seem trapped in a narrow range of Rs 29.300 to 30.500.

According to the daily charts of Rs 29,300 to interrupt, can trigger a decline towards the 200 DMA around Rs 28,500-odd levels.

On the top MCX October gold futures likely to face several obstacles to Rs 30.500 to 30.600, from which prices can spurt to Rs 31,000-odd levels.

Read More - Commodity calls: Gold is range-bound


Mcx Gold ,silver,copper,crude tips

[raymond09]

Right now GOLD is moving toward uptrend. But I think it will move more downtrends and its now just checking bullish trend for a while. GOLD trade is always Risky and you need to have big capital in your trading balance. Don't go for trade with GOLD without having experiences and strong strategies.

[Murphy13]

Gold is looking really ready to jump higher and I am ready to trade according to this presumption. Weekly calls could be a great way to express that judgment. My predictions are that the precious metal price will move higher at least to 1360$ per ounce next week, which is about 25$ from the current levels.

[Ammeo]

Gold is looking really ready to jump higher and I am ready to trade according to this presumption. Weekly calls could be a great way to express that judgment. My predictions are that the precious metal price will move higher at least to 1360$ per ounce next week, which is about 25$ from the current levels.

I think its could be going even further down in longer term, short term bullish uplift could be expected bt still overall looking bearish to me..