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  • MTECHTIPS MCX GOLD INTRADAY trading analysis 31-08-2015

MTECHTIPS MCX GOLD INTRADAY trading analysis 31-08-2015

MTECHTIPS MCX GOLD INTRADAY trading analysis 31-08-2015

Mcx gold future this week closed with heavy loss. This was first negative week for this precious metal after last 4 weeks straight gains. This week gold future hit high around 27833 while low was at 26169. Total 1700 rupees or 8% weekly swing and closed with loss. On downside 26300 and 26100 are strong support zones of weekly chart averages. For next week gold outlook remain bullish. On upside 27350 and 28200 are resistances as well as target zones. On downside 26100 and 25300 are strong support zones as well as stop losses for long positions.
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