MCX GOLD weekly forecast for 18 to 22 dec. 2017
Mcx gold future this week closed at 28275 with loss.
mcx gold is in super bearish trend and this week almost achieved both super bearish targets.
below 29650 was super bearish for targets 28250 and 27980 and we saw low of 28055 this week. remain weak for next week and expect deep downside levels.
from long term view, gold is below 28300 support and entered into bearish trend but looking good for long term investment as buy on dips.