(Before It's News)
MTECHTIPS MCX GOLD INTRADAY trading analysis 01-02-2016.
Mcx Gold (Apr) has support at 26570—26410 and resistance at 26950—27225. Looks weak and could test 26570—26410. Two consecutive closes below 26410 will take to 26240—26080 and then to 25920 mark. More and more panic will see only weekly close below 25920 else it could test its resistance level of 26950 and then to 27130—27225 mark. More and more power will see only weekly close above 27225 level. On Comex division too, Gold has support at $1108 and resistance at $1128. Two consecutive closes below $1108 will see sharp panic till $1093—$1089. More and more panic will see only close above $1089 mark else it could test its resistance level of $1123—$1128 again.. More and more power will see only weekly close above $1128 mark. Chances are bright for downside move. So traders remain cautious at upper levels and trade safely with levels only.
WWW.MTECHTIPS.COM
07489294118-119
Register
Newsletter
If you really want to ban this commenter, please write down the reason:
