Friday, 5 April 2013

Commodity Jackpot Call: Key levels for Gold on Apr 5

MCX April Gold futures rebounded sharply after hitting oversold territory on Wednesday.

As per the charts, Gold needs to sustain above Rs 28,970-levels for maintaining yesterday's strength.

In case, MCX Gold April futures slip below Rs 28,970, and the next key support is at Rs 28,880.

On the upside, April futures may look to bounce to Rs 29,170-odd levels.

The key levels for MCX Gold June Futures today are - support around Rs 29,290-29,255-29,215; resistance around Rs 29,520-29,555-29,590.

Similarly, GoldM May futures may seek support around Rs 29,070-29,035-29,005, while face resistance around Rs 29,270-29,300-29,335.

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