CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28200 R1-28000 S1-27400 S2-27100
Gold futures closed higher in the domestic market on Tuesday as investors and speculators booked fresh
positions in the precious metal tracking a firm trend in the overseas market as lingering tensions in Iraq amid sectarian violence boosted the safe haven demand for the precious metal.
Gold futures may trade lower today as investors stay cautious ahead of the US GDP data. Gold futures for August 2014 contract, at MCX, closed at Rs. 27,731 per 10 grams, up by 0.19 per cent, after opening at Rs. 27,641, against the previous closing price of Rs 27,678. It touched an intra-day high of Rs 27,870.
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