Strength in Indian Rupee and weak overseas cues to weigh on the MCX Gold.
The MCX Gold December futures is on its way to test the major support around the 200-DMA at Rs 28,500-odd levels.
Key momentum oscillators like the MACD, 14-day RSI have given negative divergence, and continue to favour the bears.
In case, Gold fails to sustain above the 200-DMA, we could witness a fresh sell-off.
Click Here for the detailed analysis.
The MCX Gold December futures is on its way to test the major support around the 200-DMA at Rs 28,500-odd levels.
Key momentum oscillators like the MACD, 14-day RSI have given negative divergence, and continue to favour the bears.
In case, Gold fails to sustain above the 200-DMA, we could witness a fresh sell-off.
Click Here for the detailed analysis.
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