The MCX Gold December futures are likely to consolidate in the near term, as key momentum oscillators are in divergent mode.
The daily MACD is in favour of the bulls, while the Stochastic Slow and the ADX index have given a negative divergence.
Similarly, the weekly MACD is in favour of the bulls, while the Stochastic Slow favours the bears.
MCX Gold prices in India may temporarily move in a broad range of Rs 29,500 to Rs 31,000, till we see a clear breakout in either direction.
Click Here for the daily support and resistance points.
The daily MACD is in favour of the bulls, while the Stochastic Slow and the ADX index have given a negative divergence.
Similarly, the weekly MACD is in favour of the bulls, while the Stochastic Slow favours the bears.
MCX Gold prices in India may temporarily move in a broad range of Rs 29,500 to Rs 31,000, till we see a clear breakout in either direction.
Click Here for the daily support and resistance points.
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