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MCX FEB GOLD MARKET RECOMMENDATION
Gold February futures on MCX platform, settled at 27515. During the week it made a high of 27816 and low of 27390. As we have seen that prices remained indecisive in the last week which is indicated by the doji candle stick witnessed in the weekly chart. Volume remained constant during the week suggesting indecision to be continued for the coming week. Prices are hovering around the short and medium term exponential moving average is signaling further uncertainty in the market. Crucial support level is seen at 27260 � 27120 and resistance is seen at 27820.
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