mcx gold future trending towards 24500 bottom

mcx gold weekly forecast for 23 to 27 nov 2015
mcx gold future this week closed with loss.
this was straight fifth losing week for gold prices
and gold slowly drifting towards previous bottom of 24500.
below 24,500 next support as well as target for
gold will be 24050.
for next week, gold future has support around 24830 and below it 24640.
on upside 25425 and 26200 are strong resistances.
traders here keep sell on rise strategy with strict
stop loss in place for targets 24830 and 24640.

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Pramod Baviskar

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