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View Full Version : MCX Gold likely to trade sideways



capvision02
10-23-2015, 06:08 AM
MCX Gold Trade :-



Gold can move in range of 26700-27000

Silver can move in range of 36500-37400 in MCX.


Gold can move in range of 26700-27000 and Silver can move in range of 36500-37400 in MCX, according to CapVision Research (http://www.capvision.co.in). Gold December contract has been trading .005 percent to 26879 level on Friday in India's Multi Commodity Exchange (MCX).

Hedge funds reduced bullish bets to more than five year lows ahead of the Fed decision, but since then large futures speculators referred to as "managed money" have played catch-up with the turnaround in sentiment towards commodities and gold in particular.