MTECHTIPS:-GOLD
Gold witnessed buying in the final hours of trade after being range bound for the maximum part of the session. MCX Gold will face strong resistance above the 28800 levels for the session ahead and holding above will open up 29000 levels. On the other hand gold has strong support below 28400 levels and any dip below will test the support of 28200. Gold sustaining above the 28400 levels is a positive signal and if it manages to trade higher more upside is seen.
Gold witnessed buying in the final hours of trade after being range bound for the maximum part of the session. MCX Gold will face strong resistance above the 28800 levels for the session ahead and holding above will open up 29000 levels. On the other hand gold has strong support below 28400 levels and any dip below will test the support of 28200. Gold sustaining above the 28400 levels is a positive signal and if it manages to trade higher more upside is seen.
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