Gold clings to gains MCX Intraday Trading Tips

Gold retained small overnight gains on Wednesday, but caution prevailed ahead of a Federal Reserve policy statement later in the session as investors waited for clues on the timing of a US rate hike. Spot gold was little changed at USD 1,167.05 an ounce by 0308 GMT. The metal had risen 0.3 percent in the previous session, snapping a four-day losing streak.

TODAY MCX INDIA TRADING CALLS

  • Intraday Call– SELL LEAD – OCTOBER (MCX) @ 112.90, Target: 112.00, Stop-loss: 113.30
  • Intraday Call– GoldM November MCX – Buy at 26815-26800 Target 27100 Stoploss 26650.
  • Intraday Call– Buy MCX Dec Silver between 36800 – 36900, SL – 36500, Target – 37400 / 37500

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