The Gold is in long- medium- short-medium- term bull phase .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.
MCX Gold Support and Resistance :- Positionally Support for the Gold is 29579-29141-28856-28616-.Resistance for the Gold is 30070-30220
MCX Gold Support and Resistance :- Positionally Support for the Gold is 29579-29141-28856-28616-.Resistance for the Gold is 30070-30220