According to Choice Equity Broking , we expect prices should move higher towards 31700 levels in the coming trading sessions
Gold MCX Gold prices is holding strong support of its horizontal trend line at 31250 levels on hourly basis. Furthermore, momentum indicator MACD is trading above signal line on hourly time frame . On the other hand,
MCX Gold prices have been trading above its 21 HEMA which indicates
short term positive confirmation to the prices . Moreover, Momentum Indicator
RSI is trading above 60 levels in hourly time frame. Outlook For now we expect
prices should move higher towards 31700 levels in the coming trading sessions.
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Precious metal like gold offers a great opportunity to the investors of MCX commodity calls. Epic Research helps those investors to utilize this opportunity timely.
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