MCX GOLD TECHNICAL REPORT – MCX COMMODITY CALLS

Dt: 22/11/2018

mcx gold technical report

Gold Technical OutLook :

MCX Gold Future Technical Live Chart has taken the formation of rising channel pattern in daily time frame. Last few sessions ended up consolidated and retesting near a key support zone inside the channel, where the market is expected to continue on bullish momentum. the positive rally could be extending all the way up to 30900-31000-31100 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks below the key support zone  holding at 30700 then it might revise the trend to bearish once again. The downside rally could test up to 30600- 30500 levels. key resistance holds at 31100.

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