In between 3 trading sessions, it’ll start to fall for few days and behave like consolidate. As I said on my past newsletter about Gold, “Once Gold will cross and close above 30307 then you can buy it without worry with targets: 30500 – 30700 – 31000. Don’t sell MCX Gold without advice.”
I don’t believe it’ll run more upward but I’m sure it’ll hit two times 767 level if once open with green-light. Intraday traders can play with it and short term-long term traders don’t make ride with NCDEX Soy oil.
I write below about Zinc, Lead…. You want to know more about MCX? To become a subscriber, subscribe to our free newsletter services. Our service is free for all.