Mcx gold analysis 19th december 2014
Mcx gold future trading 26920 , comex price did’nt move much but USD/INR crash yesterday and it effected gold prices in mcx , now if mcx gold click our support of 26770 and manage to sustain below our technical support then expect gold to correct upto 26650 – 26500 .
If mcx gold future click our resistance of 27060 and manage to sustain above our technical resistance then expect gold to fire upto 27180 – 27300 .
Mcx gold analysis conclusion : Gold looking weak for now due to USD/INR
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