YESTERDAY'S CALL UPDATE:
GOLD sell CALL HIT FIRST TGT 30600 !!
GOLD sell CALL HIT FIRST TGT 30600 !!
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Gold:Gold trading range for the day is 31000-30450. Gold is getting support at 30550 and below same could see a test of 30450 level, And resistance is now likely to be seen at 30800, a move above could see prices testing 31000. Gold is trading into negative zone .On the daily chart. Gold price slipped from highs and sustained below 21EMA; which indicate selling pressure in the counter. On the other hand, 4hourly COMEX Gold price has retreated from 61.8% retracement level. Moreover, RSI & MACD has turned back from high and shown negative crossover on daily chart. So, we expect sideways move in MCX Gold for upcoming days.
R2
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R1
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S1
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S2
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TREND
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GOLD
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31000
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30800
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30550
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30450
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SIDEWAYS
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