GOLD FREE TRIAL

With yesterday's 1 per cent fall Gold has now entered oversold territory. The MCX December futures have plunged as much as 4.7 per cent in the last seven trading days.

As mentioned in the weekly update, the yellow-metal - the MCXFebruary futures are likely to find considerable support around the Rs 31,000-level.

In today's outlook, the Gold MCX February futures may face resistance around Rs 31,535-31,590-31,640. On the downside, Gold MCX may seek support around Rs 31,200-31,145-31,090.

The corresponding key levels for Gold Mini January futures are as follows - support at Rs 31,025-31,975-30,920, while face resistance around Rs 31,370-31,425-31,475.