MCX GOLD monthly prediction for dec. 2017
Mcx gold future in month of november closed at 29190 with flat gain.
for month of december, mcx gold is in downtrend and remain weak below 29360, for downside targets 28900 and then 28700.
but indicators are deeply oversold and expect big bull run ahead at end of year. watch fr breakout above 29350 for targets 29650 and then 30050.
from long term view, gold prices are correcting towards 28200 support.