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MTECHTIPS:-Gold prices to move higher towards 32150 levels: Choice Equity
MCX Gold prices have breached its Horizontal trend line resistance at 31790 levels on hourly basis . On the other hand, prices have been trading above its 50 HEMA which indicates positive confirmation to the prices . Furthermore, COMEX Gold prices are trading in a Higher High Higher Low formation on hourly chart . Moreover, Momentum Indicator RSI is trading above 70 levels on hourly time frame. Outlook For now we expect prices should move higher towards 32150 levels in the coming trading sessions.
WWW.MTECHTIPS.COM
07489294118-119
MCX Gold prices have breached its Horizontal trend line resistance at 31790 levels on hourly basis . On the other hand, prices have been trading above its 50 HEMA which indicates positive confirmation to the prices . Furthermore, COMEX Gold prices are trading in a Higher High Higher Low formation on hourly chart . Moreover, Momentum Indicator RSI is trading above 70 levels on hourly time frame. Outlook For now we expect prices should move higher towards 32150 levels in the coming trading sessions.
WWW.MTECHTIPS.COM
07489294118-119
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