mcx gold oct future short term outlook

mcx gold oct expiry future on last trading session closed
at 26420 with heavy loss
in last 2 session gold prices tumbled by almost 1000 rupees
on downside 26050 and 26200 are strong support zones
on upside 26600 and 27050 are strong resistances
traders can buy gold on correction near 26200-26050 zone
with stop loss and expect targets at 26600 and then 27050
if dollar index remain soft expect rally to show 27800 levels once again

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Pramod Baviskar

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