watch mcx gold 25150 major support, downside target 24800

mcx gold dec expiry future is trading at 25180 with loss
on chart, trend is absolute down and after bounce back
gold prices resumed primary trend for downside target 24800
for intraday 25150 is major support of major trend channel
if prices slide below it then that will be very bearish
from medium to long term view
traders can stay short with stop loss for target 25150
and then 24800 in next 2-4 trading sessions.

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Updated: 17/11/2015 — 11:59 AM

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Pramod Baviskar

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