MTECHTIPS MCX GOLD INTRADAY trading analysis 13-05-2016

MTECHTIPS MCX GOLD INTRADAY trading analysis 13-05-2016
Mcx gold Below 29820… it looks weak and could test 29700—29550. More and more downside panic will see only close below 29550 mark else it could test its resistance level of 30000 again Gold is trading with negative bias… Upper side seems choppy and chances are unlikely to breach its resistance level of 30600 in near terms If every thing goes right then we will expect sharp downside move in coming weeks At this stage… Don’t jump on any conclusion. Just remember hurdle at 30000—30300—30450—-30600 Anything seems will update via SMS.

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