MCX Gold (Feb) contract is prices are trading in the range of 27200 to 27600 levels. MCX Prices are currently close to the upper band and RSI has given a negative crossover. We expect prices to correct up to levels of 27200 levels for today only so it is advised to Sell gold for intraday session today.
MCX Trading Tips for Today:
MCX Gold (Feb) Sell around 27500 levels with a stop loss placed above 27650 levels for targets of 27210 levels.