mcx gold weekly-breakdown below 29150 is bearish

mcx gold weekly-breakdown below 29150 is bearish Mcx gold future this week closed with loss.   Above 29150, gold tried to test my target of 29750 with high near 29500, but sharp selloff changed trend and now trading below 29150 with bearish outlook.   Below 29150, mcx gold remain bearish and sell for targets 28200 and then possibly 27600.   Above 29150 if sustain for 2-3 trading session then expect previous targets of 29750 and 30750.

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Pramod Baviskar

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