MCX GOLD weekly analysis for 11 dec. to 15 dec. 2017
Mcx gold future this week closed at 28522 with huge loss.
mcx gold after breakdown below 29350, hit my bearish targets 28900 and 28700 and now entered super bearish trend.
hit low of 28471 this week, and below 28700 remain in super bearish trend and will head for next targets 28300 to 27900 levels.
from long term view, gold is correcting towards 28300 long term support zone.