mcx gold future outlook for 9 to 13 may 2016

 

mcx gold future outlook for 9 to 13 may 2016

Mcx gold future this week closed with gain. This was third gaining week for gold prices.

 

Mcx gold future above 29650 remain bullish and buy on dips. On upside 31000 and 31700 are my tgt zones. We saw low around 29800 and gold hit high of 30550 in this week.

 

Weekly chart price trend and momentum is strong bullish and gold might test 32k levels in medium terms.

 

 

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