MCX Gold February
MCX Gold prices have reversed back after taking support at 28,600 levels. For MCX Gold February Future immediate resistance exists at 29,250 levels. If this resistance is breached then we expect prices to go up to 29,500 levels. The daily MACD is also showing strength. We recommend a buy above 29,000 levels with a stop loss placed below 28,750 levels for a target of 29,300-29450.
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