MTECHTIPS MCX GOLD INTRADAY trading analysis 23-05-2016
Mcx gold future this week closed with loss at 29690. This was second weekly loss for gold prices.For next week, mcx gold future above 29650 remain bullish and buy.Mcx gold weekly chart support zones are 29300 and 28900 while on upside 30200 and 30600 are resistances.My view is bullish for gold and traders must keep buy on dips view near support zones for tgts 30200 and 30600. Only weekly closing below 29600 will confirm downtrend signal for gold future.
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