mcx gold weekly technical call for 4 to 8 jan 2016

mcx gold weekly technical call for 4 to 8 jan 2016
mcx gold future this week closed with loss at 24962.
mcx gold weekly chart price trend and momentum both are strong bearish.
 
 
For medium term, mcx gold support zones are 24250 and 23400.
On upside expect strong resistance at 25000 and 25800 levels.
 
 
For next week , mcx gold below 25k level will remain sell
and might test 24250 and below levels.
 
 
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Pramod Baviskar

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