The MCX Gold December futures, as expected, faced considerable resistance after crossing Rs 30,850-odd levels.
In yesterday's trade, Gold zoomed to a high of Rs 31,164, and then retraced.
Going ahead, the outlook remains the same. Gold is expected to face considerable resistance above Rs 30,850-odd levels.
On the downside, Gold prices may drop back to near about Rs 30,000-odd levels.
The daily Stochastic Slow is showing signs of tiredness, hence profit-taking seems likely.
Click Here for daily support and resistance points.
In yesterday's trade, Gold zoomed to a high of Rs 31,164, and then retraced.
Going ahead, the outlook remains the same. Gold is expected to face considerable resistance above Rs 30,850-odd levels.
On the downside, Gold prices may drop back to near about Rs 30,000-odd levels.
The daily Stochastic Slow is showing signs of tiredness, hence profit-taking seems likely.
Click Here for daily support and resistance points.
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