MCX Gold Monthly report for November 2016

MCX Gold Monthly report for November 2016 Free mcx gold monthly tips for nov 2016 Mcx gold on last trading session closed at 30295 with gain. Last session was breakout session for gold prices above major resistance of 30130. Above it mcx gold monthly outlook will remain bullish and strategy will remain buy on dips. This bullion commodity is looking stronger for short to medium terms. Mcx gold November pivot level is 30130 and as mcx gold is closed and trading above it, monthly outlook remain bullish. Momentum also building on long side as US election risks coming to markets. Mcx gold November resistances as well as target zones are 30950 and then 31900. Mcx gold below 30130 on weekly closing basis turn bearish and become sell. In current situation this probability is very low. Below 30130, mcx gold November support zones are 29150 and 28400 and these are target zones on downside on trend reversal. Mcx gold weekly chart, showing gold prices has taken major support at 29750 and resumed long term uptrend for target 31250 and 33500. From medium to long term view, mcx gold will remain buy and accumulate for targets 31250 and then 33500.

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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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