Gold

Gold 12/14/2018 9:18:00 AM
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Technical outlook

MCX Gold Feb futures technical chart has taken the formation of “Rising channel” pattern in daily time frame. Last few sessions ended up bearish in trend along with some corrections inside the channel, where the market is expected to continue on bearish momentum. The continuation of the trend will be confirmed once the prices breaks below a key support holding at 31500. The negative rally could be extending all the way up to 31400-31300 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might have a chance to retest the same and revise the trend to bullish once again. The upside rally could test up to 31700-31800 levels. Key resistance holds at 31800.


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Technical Chart:
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Gold 12/13/2018 9:23:00 AM
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Technical outlook

MCX Gold Feb futures technical chart has taken the formation of “Rising channel” pattern in daily time frame. Last few sessions ended up bearish in trend along with some corrections inside the channel, where the market is expected to continue on bearish momentum. The negative rally could be extending all the way up to 31600-31500 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks above a key resistance holding at 31850 then it might revise the trend to bullish once again. The upside rally could test up to 32000 level. Key support holds at 31500.

 


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Technical Chart:
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Gold 12/12/2018 9:28:00 AM
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Technical outlook

MCX Gold Feb futures technical chart has taken the formation of “Rising channel” pattern in daily time frame. Last few sessions ended up bullish in trend after a gap up formation inside the channel, where the market is expected to continue on bullish momentum. The continuation of the trend will be confirmed once the prices breaks above the key resistance holding at 32050. The positive rally could be extending all the way up to 32200-32300 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might have a chance to retest the same and revise the trend to bearish. The downside rally could test up to 31750 levels. Key support holds at 31750.


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Technical Chart:
gold-chart
Gold 12/11/2018 7:38:00 AM
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Technical outlook

MCX Gold Feb futures technical chart has taken the formation of “Rising channel” pattern in daily time frame. Last few sessions ended up bullish in trend after a gap up formation inside the channel, where the market is expected to continue on bullish momentum. The continuation of the trend will be confirmed once the prices breaks above the key resistance holding at 32100. The positive rally could be extending all the way up to 32200-32300 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might have a chance to retest the same and revise the trend to bearish. The downside rally could test up to 31900-31800 levels. Key support holds at 31600.


Research Report call:

Technical Chart:
gold-chart
Gold 12/10/2018 8:06:00 AM
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Technical outlook

MCX Gold Feb futures technical chart has taken the formation of “Rising channel” pattern in daily time frame. Last session ended up bullish in trend after a gap up formation inside the channel, where the market is expected to continue on bullish momentum. The continuation of the trend will be confirmed once the prices breaks above the key resistance holding at 31650. The positive rally could be extending all the way up to 31800-32000 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might have a chance to retest the same and revise the trend to bearish. The downside rally could test up to 31500-31350 levels. Key support holds at 31350.


Research Report call:

Technical Chart:
gold-chart
Gold 12/7/2018 9:23:00 AM
gold-image

Technical outlook

MCX Gold Feb futures technical chart has taken the formation of “Rising channel” pattern in daily time frame. Last session ended up bearish in trend after a gap up formation inside the channel, where the market is expected to continue on bearish momentum. The negative rally could be extending all the way up to 31000-30900 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks above the key resistance holding at 31200 then it might turn bullish once again. The upside rally could test up to 31300-31400 levels. Key support holds at 30900.


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Technical Chart:
gold-chart
Gold 12/6/2018 9:29:00 AM
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Technical outlook

MCX Gold Feb futures technical chart has taken the formation of “Rising channel” pattern in daily time frame. Last few sessions ended up bullish in trend along with some corrections inside the channel, where the market is expected to continue on bullish momentum. The continuation of the trend will be confirmed once the prices breaks above the key resistance holding at 31000. The positive rally could be extending all the way up to 31150-31300 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and revise the trend to bearish once again. The downside rally could test up to 30800-30600 levels. Key support holds at 30600.


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Technical Chart:
gold-chart
Gold 12/5/2018 9:20:00 AM
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Technical outlook

MCX Gold Feb futures technical chart has taken the formation of “Rising channel” pattern in daily time frame. Last few sessions ended up bullish in trend after few negative rallies inside the channel, where the market is expected to continue on bullish momentum. The continuation of the trend will be confirmed once the prices breaks above the key resistance holding at 31150. The positive rally could be extending all the way up to 31250-31350 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and revise the trend to bearish once again. The downside rally could test up to 30900-30750 levels. Key support holds at 30750.


Research Report call:

Technical Chart:
gold-chart
Gold 12/4/2018 9:34:00 AM
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Technical outlook

MCX Gold Feb futures technical chart has taken the formation of “Rising channel” pattern in daily time frame. Last session ended up bullish in trend after few negative rallies inside the channel, where the market is expected to continue on bullish momentum. The continuation of the trend will be confirmed once the prices breaks above the key resistance holding at 30950. The positive rally could be extending all the way up to 31050-31150 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and revise the trend to bearish once again. The downside rally could test up to 30700-30550 levels. Key support holds at 30550.


Research Report call:

Technical Chart:
gold-chart
Gold 12/3/2018 9:13:00 AM
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Technical outlook

MCX Gold Feb futures technical chart has taken the formation of “Rising channel” pattern in daily time frame. Last few sessions ended up bearish in trend along with some corrections inside the channel, where the market is expected to continue on bearish momentum. the continuation of the trend will be confirmed once the prices breaks below the key support holding at 30150. The negative rally could be extending all the way up to 30050-29950 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might retest the same and revise the trend to bullish once again. The upside rally could test up to 30300-30400-30500 levels. Key resistance holds at 30500.


Research Report call:

Technical Chart:
gold-chart