Mcx gold monthly predictions for December 2016
Mcx gold on last trading session closed at 27990 with another heavy loss session.. 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, . 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. . , 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.