MoneyMunch.com

MCX Gold Intraday Pullback Before Acceleration Lower

Posted: 29 Sep 2020 04:41 AM PDT

Breakout Range: Approx. 3300 points
Hurdle: 50600 level

At present, gold is trying to recover the previous loss. The support level has broken (flat lower trendline), and it becomes resistance now. We may see the continuation of the downtrend from there. That could fall to the following levels: 49360 – 48760 and below.

Lionheart traders can hold for 48000 to 47360.

Please don’t mess after a breakout of reversion bounce off level.

Would you like to get our all commodity updates instantly? We have an option for you.
Click Here: Free Commodity Tips

Do you want to get Premium Calls only?
Click Here: Premium Commodity Tips

If you have any questions or concerns about Commodity Market then contact by following ways:
Email: [email protected]
Phone: +91 903 386 2706

Have you any question/feedback about this article? Please leave your queries in the comment box for answers.

The post MCX Gold Intraday Pullback Before Acceleration Lower appeared first on Moneymunch.