MCX GOLD 10 KG
- MCX GOLD gave a sharp up move yesterday but Gold will have to give real test as it will be facing strong 200 DMA, Trend Line and golden ratio fibonacci retracement resistance , once closes above all then Gold will be in bulls grip. Close Watch on resistance - 28750, 28800, 29040 as shown in graph no 1.
- Suggested Reading - MCX CRUDE OIL facing strong support around 5933, Weakness expecting if closes below.
- Chart indicates once closes above its resistance and stays above then will find next strong resistance around 30700.
- MCX golds major trend indicator like MACD and stochastic oscillator has now turned positive, this indicator stock to move further up. close watch.
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