Choice Equity Broking report on GoldGoldMCX 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.OutlookFor now we expect prices should move higher towards 31700 levels in the coming trading sessions.For all commodities report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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