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MCX GOLD MIGHT HIT NEW LOW VERY SOON

Published 11/22/2013, 01:12 PM
Updated 07/09/2023, 06:32 AM
GC
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IMOEX
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MCX Gold is showing sideways trend. Stochastic is in the neutral zone and MACD is just hovering around 0 line and MCX Gold is trading in a range of 29,900 to 30,500. Either side break will decide the trend. We think this should break in down side. So one can sell around these 30,300 – 30,400 with stop just above 30,580 levels for the target objective of 29,600 and 29,200.

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