mcx gold weekly : 28600 and 28100 are major support

mcx gold weekly technical predictiosn for 28 march to 1 april 2016

mcx gold weekly technical predictiosn for 28 march to 1 april 2016

Mcx gold future this week closed with loss. This was second weekly loss for this precious metal in continues profit booking.   On chart, 28700 is major support levels and above it outlook will remain bullish. April expiry future is trading below it but next expiry future still holding 28700 levels so keep long view.   On downside below 28700, next mcx gold future support levels are 28600 and then 28100. On upside my targets are still at 30800 and 32200. If mcx gold trade decisively below 28700 then deep downside up to 27k is possible on strong short selling.

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Pramod Baviskar

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