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MTECHTIPS MCX GOLD INTRADAY trading analysis 10-08-2015

MTECHTIPS MCX GOLD INTRADAY trading analysis 10-08-2015
Mcx Gold Future This Week Closed With Gain. This Was Second Positive Week For Gold Prices. This Week Gold Future Hit High Near 25k While Low Was At 24500. Total 500 Rupee Or 2% Weekly Volatility And Positive Weekly Closing. Weekly Chart, Price Pattern Suggesting Recovery Ahead While Indicators Pattern Suggesting Gold Bottomed Out At 24500 Levels. Though Gold Future Still Trading Way Below Major Averages On Weekly Chart.For Next Week, Gold Future Will Have Support Zones Around 24600 And Then 24250 While On Upside Expect Strong Resistances At 25300 And 26100. Risky Traders Can Use Buy On Dips Strategy For Mcx Gold Future For Next Week. Stoploss Remain Below 24500 For Target 25300 And 26100. Expect High Volatility In Bullion Ahead Of Fed Rate Hike On Rupee And Comex Gold Prices Relation. Trading Will Be Difficult Here Due To High Volatility.
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