mcx gold weekly outlook for 19 to 23 oct 2015

gold future this week closed at 27153 with gain.
gold 5 weeks trend channel is up
and 20 weeks trend channel is down.
weekly chart RSI is at 58 with buy signal.
mcx gold weekly support zones are 26550 and 26380.
mcx gold weekly resistance zones are 27200 and 27480.
mcx gold weekly trading call will be
buy mcx gold future near 26550 on correction
with strict stop loss below 26300
for targets 27200 and then 27480.

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Pramod Baviskar

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