MTECHTIPS;-Gold prices to move lower towards 28100 levels: Choice

MTECHTIPS;-Gold prices to move lower towards 28400 levels: Choice Equity

MTECHTIPS- MCX Gold price has given a breakdown of its rising channel pattern at 29200 levels on a daily chart. Moreover, MCX Gold prices have been trading below 100 DAME on a daily chart. On the other hand, COMEX Gold price has shown a breakdown of MCX Gold Apr. Daily Chart CMP: 28446 the other hand, COMEX Gold price has shown a breakdown of its rising trend line at $1220 levels on a daily chart. Moreover, Momentum Indicator MACD has given negative crossover on a daily chart. For now, we expect prices should move lower towards 28100 levels in the coming trading sessions.

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