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MTECHTIPS MCX GOLD INTRADAY trading tips 09-01-2017

Sunday, January 8, 2017 21:58
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MTECHTIPS MCX GOLD INTRADAY trading tips 09-01-2017



MTECHTIPS Mcx Gold Future This Week Closed With Gain. This Was Second Week Of Gain For Gold Prices. In These 2 Weeks Gold Rallied From Low Near 26900 To Almost 28k. Total 1100 Rupee Gains For Gold Prices Or 4% Gain From Lows In 2 Weeks.

 Mcx Gold Given Breakout Above 27630 And My First Target Was At 28400 While We Saw High Of 28k In This Week. Above 27630, Mcx Gold Will Remain Buy On Dips For Target 28400 In Next Week. Daily Closing Below 27630 Will Falter Uptrend And Might Trigger Sharp Selling Pressure For Breakdown Target 26750.

From Long Term View, Gold Below 28250 Remain Bearish And On Downside Target As Well As Support Zones Are 24100 And 20900 For Year 2017.




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