Gold Mcx Weekly
Gold MCX Weekly chart is forming a falling wedge formation with positive divergence..
Gold Weekly
Gold in international market is at 3 year low and holding support of 1180 which is at 61.8% retracement on weekly chart.
Gold Mcx Monthly
Monthly chart is forming a descending triangle with support at 24800. Positional traders can use the below mentioned levels to trade.
Gold Trend Deciding Level:26073
Gold Resistance:26450,26870 and 27060
Gold Support:25610,25200 and 24700
Levels mentioned are 05 Aug Gold Futures
Dear Mr Bramesh, A small typographical error,in Gold MCX, I think.Should support and resistance be reverse figure? Nambi
Dear Sir,
Thanks a lot … Mistake corrected..
Rgds,
Bramesh