MCX GOLD-JUNE
After consolidating for a week, market fell to support level 22250 and bounced back to 22460. The market may continue to trade between the ranges of 22400 to22600 since there is no strength seen from volumes. Bollinger band also shows that the momentum in the market is less. MACD is at +165, RSI is at 59. Overall market is in transitional phase.
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