Mcx gold monthly-remain weak targets 27250 and 26100

Mcx gold monthly predictions for December 2016

Mcx gold monthly predictions for December 2016

Mcx gold on last trading session closed at 27990 with another heavy loss session. Gold price trend and momentum both are absolute down. In last series we saw sell on very major rise and very high volatility. Big hand still trapped here and see more pain for them in upcoming weeks.   Mcx gold future for December 2016, remain sell below 29300 levels. On downside my mcx gold monthly targets are 27250 and then 26100. Gold is in oversold zones so keep strict stop loss in place for every sell order. Reversal may happen due to global volatility.   On reversal, weekly closing above 29300 means trend reversal and buy on dips strategy for gold futures. On trend reversal, mcx gold upside my monthly targets will be 30400 and then 32500.   Mcx gold weekly chart, is weak and suggesting downside for prices in medium to longer terms. On downside mcx gold targets are 27400 and 25900 from long term view.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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