Wednesday, 6 November 2013

Daily Gold Outlook

The MCX Gold December futures may extend the losses in the near term, as the short-term trend for the yellow metal has turned negative.

The 20-Daily Moving Average (DMA) of Gold futures has slipped below the 50-DMA, which is a negative sign.

Also, the key momentum oscillators like the ADX index and the Stochastic Slow are in favour of the bears on the daily charts.

Click Here for the daily support and resistance levels.


No comments:

Post a Comment