Mcx gold achieved downside target 29200

Mcx gold intraday outlook for 15th November 2016

Mcx gold intraday outlook for 15th November 2016

Mcx gold on last trading session closed at 29608. Mcx gold future price trend and momentum both are bearish and almost achieved my given swing target of 29200 with low near 29281.

For intraday mcx gold outlook remain bullish on weak rupee and bottomed out pattern at comex gold. Traders can buy gold near 29200 with stop loss for swing target of 30100. For intraday, mcx gold support zones are 29350 and 29200 and fresh buy zones. On upside 29600 and 29800 are resistances as well as target zones.

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