MCX Gold Technical outlook-
Gold prices rallied downwards till 21882 on breaching the support at 22150. The indicators and short term trend looks weak for the counter. Thus selling in the counter at between 21900-925, for target of 21800 and 21710.
Gold MCX (Aug)
S3 - 21710 R1 - 22000
S2 - 21860 R2 - 22080
S1 - 21950 R3 - 22120
Gold prices rallied downwards till 21882 on breaching the support at 22150. The indicators and short term trend looks weak for the counter. Thus selling in the counter at between 21900-925, for target of 21800 and 21710.
Gold MCX (Aug)
S3 - 21710 R1 - 22000
S2 - 21860 R2 - 22080
S1 - 21950 R3 - 22120