mcx gold intraday support 24960

mcx gold future outlook for 1 December 2015 mcx gold future outlook for 1 December 2015 Mcx gold dec expiry future last closed at 25069 with gain. Risk off based buying seen in comex gold which given some bounce back in domestic market also. Mcx gold price trend is still down and use these bounce back to sell shorts. On downside 24960 is intraday support level below it expect price capitulation or strong sell-off. On the upside, 25190 and 25270 are strong intraday resistances as well as short creation zones. Weekly chart suggesting fresh downside up to 24k to 23.5k.

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Pramod Baviskar

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