Gold hits its lowest in nearly two weeks on Monday after centrist candidate Emmanuel Macron won the first round of French presidential election, boosting stocks and sparking a sell-off in the safe-haven bullion. Spot gold was down 0.7 percent at $1,275.46 per ounce by 0342 GMT, after falling to a low of $1,265.90 earlier in the session. U.S. gold futures were down nearly 1 percent at $1,277.30 an ounce.
MCX Gold Tips For Today – Expert Prediction
SELL GOLD JUN IN THE RANGE OF 29125-29100 TARGETS 28800/28600 STOPLOSS 29300 . Technically gold is selling on hourly/daily charts while MACD and RSI also indicate good selling opportunity in it. So, traders should go for sell on higher level strategy.
Currently MCX Gold is 372 points down at 29046 while Silver is 344 points down at 40945 and Crude oil has hiked 21 points at 3229.