Mcx gold future technical call update
Mcx gold future given as sell for bearish targets of 28100 and then 27600 for month of July. Mcx gold opened weak at 28421 in month of July and since then falling continuously as expected and hit my given bearish swing targets of 28100 and below it hit next bearish target of 27600 with swing low of 27603 yesterday. Intraday mcx tips given at 27725 and booked at booked at 27635 with +9000/lot profit for premium subscribers.
Mcx gold future is still weak and might continue to tumble down after bounce back. Below 27600, next support as well as super bearish targets will be 26850 and then 26350. If sustain bottom of 27600 then expect sharp value buying as well as strong short covering rallies towards 28100 and then 28800+.