mcx gold weekly Technical analysis for 28 dec to 1 jan 2016

mcx gold weekly Technical analysis for 28 dec to 1 jan 2016
mcx gold future this week closed with gain at 25212.
mcx gold weekly chart price trend is bearish but
momentum is on recovery side.
 
 
For medium term, mcx gold support zones are 25100 and 24350.
On upside expect strong resistance at 25870 and 26650 levels.
 
 
For next week , gold prices might continue to recover so
keep buy on dips view for mcx gold future with stop loss
below 25100 for target 25870 and 26650.
 
 
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Pramod Baviskar

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