MCX Gold prices have reversed after taking support at 31000 levels at the commodity market which is the 78.6% reversed of levels. The gold is expected to gain more at the market. Commodity market has given a positive crossover and prices are trading below the short term averages. We recommend a buy around 31460 levels for targets of 31550 and 31750 with a stop loss placed below 31100 levels.
MCX GOLD SILVER TARGET:
MCX GOLD (Feb) contract target for today is 31,550 and MCX Silver target for today is 63,150 levels.
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