Monday, May 14, 2018

MCX GOLD (JUN) @ 31518

   MCX GOLD (JUN) @ 31518

Weekly Basis: - This counter from last few weeks continues shown up move, Due to deprecation of Rupee. Whatever Comex Gold going down but here in Mcx we seen every week new high and right now Mcx Gold moving above 52 weeks high & still more up move look continue due to Rupee pulling up as well as Comex trying to go up, so in future we are expecting more upward we will see. This week watch our major resistance level of 31790, once close above this level you will see next up move above 32000+. Down side strong support look at 31250 & its opportunity to positional buy at this level. Once close below 31250 we are expecting down trend. So keep buy on every deep. Over all trend is bullish .

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