The MCX Gold December futures dipped below the Rs 30,000-mark in intra-day trades on Tuesday, but eventually ended at Rs 30,146.
Key momentum oscillators like the MACD, 14-day RSI and the Stochastic Slow have given a negative divergence on the daily charts.
Hence, the bias is likely to remain negative in the near term. On the downside, MCX Gold can slip to Rs 29,650-odd levels.
In case of a pull-back, Gold prices may face resistance around Rs 30,825-odd levels.
Click Here for the detailed analysis.
Key momentum oscillators like the MACD, 14-day RSI and the Stochastic Slow have given a negative divergence on the daily charts.
Hence, the bias is likely to remain negative in the near term. On the downside, MCX Gold can slip to Rs 29,650-odd levels.
In case of a pull-back, Gold prices may face resistance around Rs 30,825-odd levels.
Click Here for the detailed analysis.
No comments:
Post a Comment