MTECHTIPS

MTECHTIPS:-GOLD

Gold  continued the downtrend  and dipped again to test the supports of 28000, the commodity closed with losses with some recovery from its lows. MCX Gold  will face strong resistance above the 28250 levels for the session ahead and holding above will open up  28500 levels. On the other hand gold has strong support below  27900 levels and any dip below will test the support of  27600.  Gold  has broken the uptrend, and if the commodity holds below 28000, lower levels may be seen.