Gold Trend Today: Bullion yellow metal gold is expected to remain on bearish to consolidate trend today. In the global commodity market gold is trading on the upper levels but domestic gold is not copying the same trend today. Any correction in the rupee will further put the pressure back on the bullion commodities. Currently Gold is trading around 27,700. Gold will remain range bound today. Gold is likely to take support at 27500 while on upside resistance will be at 27850. Intra-day traders are advised to trade with the strict support and resistance key levels.
MCX Gold Trading Strategy For Today: If Gold prices go below 27650, Initiate sell position and above 27825, Initiate Buy Position.