bullion-mcx gold intraday technical levels 21 dec 2015

bullion-mcx gold intraday technical levels 21 dec 2015
Mcx gold future on Friday closed at 25091 with gain. Gold future had taken support at 24850 and given strong intraday reversal. For today, mcx gold intraday support will be 25020 and 24880 while on upside expect resistances as well as targets at 25150 and 25280.
Above 25360, mcx gold price trend and momentum will be bullish and gold will turn buy and accumulate for short to medium term traders. Below this 25360 level, this is just recovery phase or technical bounce back.

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