The MCX Gold December futures may gyrate in a range of Rs 28,900-29,600 in the near term, as the yellow metal trades between the long-term and short-term moving averages.
Gold for now seems to have taken support around the 200-DMA, and fresh strength can be expected on break above the short-term moving average at Rs 29,600-odd levels.
Key momentum oscillators are in favour of the bulls, hence watch out for a positive breakout soon.
Click Here for the detailed analysis.
Gold for now seems to have taken support around the 200-DMA, and fresh strength can be expected on break above the short-term moving average at Rs 29,600-odd levels.
Key momentum oscillators are in favour of the bulls, hence watch out for a positive breakout soon.
Click Here for the detailed analysis.
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