October 23, 2017

MTECHTIPS MCX GOLD intraday trading analysis 10-04-2015

mcx gold future on last trading session closed at 26521 with loss. on daily chart, gold future price trend is range bound while momentum is bearish gold future will have supports around 26250 and then 26150 while on upside 26700 is strong resistance and below maintain it means higher tops and bottom cycle for short terms. from medium term view gold future below 26700 will remain short for much lower targets. on indicators side, gold on daily chart looks overbought so correction is due ahead.

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