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MCX GOLD Technical Trend
MCX GOLD on its daily charts found important support of trend line and closed near to 50.0% retracement. Now, immediate support is seen near 29500 sustaining below which it may find next support around 61.8% retracement i.e. 28750. On higher side 31150 is seen as resistance for it above which it may lead towards next resistance level of 32000.
STRATEGY
Better strategy in MCX GOLD is to sell below 29500 for the target of 28750 with stop loss of 30700.
Mcx Gold Tips
MCX GOLD on its daily charts found important support of trend line and closed near to 50.0% retracement. Now, immediate support is seen near 29500 sustaining below which it may find next support around 61.8% retracement i.e. 28750. On higher side 31150 is seen as resistance for it above which it may lead towards next resistance level of 32000.
STRATEGY
Better strategy in MCX GOLD is to sell below 29500 for the target of 28750 with stop loss of 30700.
Mcx Gold Tips